The Market
Economists predict ‘mild house price correction’ across Eurozone
European house prices fell again in Q1 2023, but at a slower pace than in Q4 2022.
Buyer caution ‘isn’t necessarily translating into large discounts’ – Hamptons
'Most vendors are prepared to wait and see what happens in the hope that they’ll achieve a better price and a lower mortgage rate in the future,' says top-end estate agency.
Energy-efficient homes are holding their value better as the market cools – RICS
"As energy-efficiency and tax becomes more important, good bands in both improve prospects for sales," comments one surveyor in the latest RICS survey.
FOI request reveals £84.2bn-worth of overseas-owned homes across England & Wales
Benham & Reeves has identified which areas have the most homes registered to an overseas correspondence address.
London’s £5mn+ market is back in business – Savills
Latest indices 'underscore the remarkable resilience' of the capital's top-end property market.
Smaller apartments outperforming in Prime London’s lettings market
Shifting working patterns and affordability issues have sent studio rents soaring.
England & Wales house price growth slows for tenth month
...but the average price is still £4,500 up on this time last year, reports Acadata.
Mainstream property market sees ‘renewed deterioration’ as buyer enquiries fall again – RICS
'An important message coming back from RICS agents is around ensuring prices are set with an eye on the market conditions of today, rather than the recent past,' says the Institute's Chief Economist;
Winkworth warns on profits as sales revenue drops 20%
"Property prices have held up reasonably well but transactions have slowed, leading to a high number of agreed sales being delayed to the second half of the year," says leading estate agency.
Encouraging lead indicators give rise to ‘cautious optimism’ in Prime London
'Buyers are still out there and they are keeping the market moving and underpinning values – at least for now'
Lack of stock still driving up prices in prime rental markets
But rental stock 'is not as scarce as it was this this time last year,' says Savills - and 'only the highest quality homes can now expect multiple bids.'