The Market
Property industry reactions: BoE holds interest rates at 5.25% for fifth time
'Monetary policy will need to remain restrictive for sufficiently long to return inflation to the 2% target sustainably,' says the Monetary Policy Committee, but many prime resi pundits expect interest…
Super-prime sales tipped to climb further after ‘pivotal year’ for global markets
Knight Frank counted 1,782 sales above $10mn in key super-prime property markets through 2023, worth a combined $31.9bn.
Long-term analysis shines spotlight on Knightsbridge’s ‘fall from grace’
'Could now be the time to go shopping?' asks LonRes MD
Industry Reactions: ONS data shows average house prices increased in January
Official UK HPI data indicates new-build sales are driving price increases while resale property values continue to fall.
‘We are at last observing a rebalancing of supply & demand’: Waterside locations led a surge of sales listings through last year
New analysis identifies property market hotspots that have seen the biggest increase in property listings.
London estate agency reports 18% jump in sales
'London’s property market remained extremely busy throughout February,' says Matt Thompson, Head of Sales at Chestertons.
Prime London rental stock levels up by nearly 50%
Return to normality continues, but supply levels are still 25% down compared with the same point in 2020.
Prime London Property Market Snapshot: Week 11, 2024
10% fewer sales have been agreed across the prime London postcodes so far this year than in the same 11-week period in 2023.
Prices & sales slip in Prime London but market still ‘operating normally’
'Discounts, reductions and time on the market are all broadly in line with long-term trends,' reports LonRes.
Why the price expectation gap between buyers & sellers risks widening
Rising supply and mortgage rates may increase downwards pressure on asking prices, explains Knight Frank's head of UK resi research.
Cash buyers insulate Surrey’s top-tier property market
The proportion of buyers using cash across the county's famous private estates & roads jumped from under half in 2021 to nearly two-thirds in 2023, says Savills.
Asking prices jump 1.5% in a month as the property market ‘marches in Spring’
Rightmove reports a continued recovery in home-buying activity, led by the top-end of the market.