The Market

Prime property prices are falling across the UK, reports Savills, with more rural markets seeing the biggest declines.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Zoopla, Knight Frank, Chestertons, LonRes, Jackson-Stops, Savills & more...

'The story of low supply in the prime London lettings market appears to be coming to an end,' says Knight Frank's research head.

Yet the outlook for the sector "remains robust", says CBRE's research team.

'Not as bad as some we may have feared,' says North London estate agent Jeremy Leaf - but Savills warns that June's lending statistics 'will be more telling given the timeline of turbulence in the mortgage…

Tyburn has taken on nearly £70mn worth of 'silent listings' recently, including a number of apartments in some of London's most exclusive new developments.

'The economic mood has darkened but the market is far from grinding to a halt,' says Knight Frank's research chief, Tom Bill - although 'the air continued to slowly come out of the prime London property…

Finance professor Anandadeep Mandal explores what the UK's cooling housing market could mean for the wider economy.

The average asking price discount has climbed to 3.8%, says Zoopla, as one in six vendors accept offers at least 10% below their initial asking price.

Chestertons reports a dramatic increase in rental market activity, warning tenants of a 'highly competitive' market.

Jackson-Stops has taken a deep dive into waterside property price premiums, highlighting a sharp increase in values over the last five years.