The Market

The number of property viewings has plummeted, reports estate agency trade body.

With no end in sight for the current uncertainty, David Huggett explores the important relationship between currency and real estate markets.

The founder & MD of Eccord, which manages £1.5bn of resi property in PCL, explains why the challenges facing landlords right now can’t always be resolved with rent increases alone...

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Rightmove, Foxtons, LonRes, UBS, Knight Frank, Acadata & more...

Even after a 25% increase last month, available stock levels remain around 57% below the typical pre-pandemic level for this time of year, reports LonRes.

Average UK asking prices are now 2% lower than at their peak in May - but remain nearly a fifth higher than in August 2019.

World wealth and millionaire numbers declined last year, but economists expect growth to return soon.

Last month's activity was on the low side, even by July standards, and there are signs the £5mn-plus market is finally beginning to buckle.

"A simple tax restructure" could help more private rental homes meet EPC targets, suggest property industry insiders.

Over three-quarters of active buyers are confident of moving forward in the next three months, according to the portal's latest survey.

The average UK house price was £287,546 in June 2023, which is £5,000 higher than 12 months ago, but £5,000 below the recent peak in November 2022.

Bristol dominates a list of areas where homes are selling fast, says Rightmove, while London enclaves (including Knightsbridge) are the top sellers' markets.