The Market
‘We are now seeing cautious confidence returning to the market’, says London agency
Chestertons reports more buyers offering on properties and more sellers coming to the market in the capital.
Industry Reactions: Bank of England raises base interest rate to 5%
'If we don't raise rates now, it could be worse later,' explains Bank of England chief, as interest rates climb to a 15-year high.
Why successful property transactions require difficult conversations
In this kind of market, decisions on price adjustments need to be executed swiftly by clients - which is easier said than done, explains Nic Pejacsevich.
‘The property market looks set to remain a deal makers market’, says buying agency
Garrington rounds-up some of the big property market indicators and indices to give a buyers-eye overview of the market in June.
Abrahmsohn: Why clobbering private landlords is folly
Beware, warns veteran agent Trevor Abrahmsohn, the Four Horseman of the Property Apocalypse are saddling up and ready to go...
Annual house price growth slowed to 3.5% in April – UK HPI
London continues to have the lowest rate of annual house price growth of any UK region - but the capital saw a 2.1% jump in sold prices from March to April.
Currency Matters: Pound nears 14-month highs against USD as rate hike looms
David Huggett runs through the latest movements and looks at the likely impact of another tumultuous week on the money markets...
Tom Bill: Nerves & mortgage rates rise ahead of inflation data & Bank decision
Rates are increasing as financial markets price in a period of more stubborn inflation, says Knight Frank's head of resi research.
Super-size super-prime: Why billionaires are scaling-up in London
While deal volumes may not be matching up to last year's bumper totals, the average size and value of homes being bought above £15mn has rocketed in 2023 - here's why...
‘The belated spring price bounce has quickly turned into an earlier than usual summer slowdown’ – Rightmove
Property portal still expects average asking prices to end 2023 2% lower than they started they started the year.
Next three months may be tougher than originally thought – OnTheMarket
Portal's latest sentiment index finds buyer and seller confidence holding up - but transactions could tumble on the back of more mortgage mayhem.
Landlord profitability sinks to lowest level since 2007
There is now a 'very real risk' that landlords will exit the sector, says Savills.