The Market
Planning activity plummets in Prime Central London
2022 saw the lowest-ever recorded total of applications and permissions granted in PCL, reports CBRE.
The morning after the night before: How resilient has the prime housing market been to a change in the cost of mortgage debt & other drivers of demand?
A period of 'intoxicating exuberance' at the top of the property market has given way to 'much greater sobriety when it comes to pricing,' says Savills' research chief - but this market come-down 'has…
‘Worst of the house price falls are over’ – Zoopla
The property market 'continues to rebalance', says Zoopla, with price growth slowing as supply improves.
Average time it takes to sell a home falls by 44 days
It now takes an average of 250 days for a property to move from initial marketing to a completed sale.
Buyer vetting ‘paramount’, warns PCL agency, as realism goes out the window
High numbers of buyers are demanding significant discounts and 'failing to conduct themselves in a credible manner', reports Eccord.
‘Generational divide’ widens as UK housing wealth held by over-65s hits record high of over £2.6 trillion
'The generational divide in housing wealth sits at the heart of a lot of the tensions around housing, and how these older home owners elect to deploy their equity has the potential to shape the market…
Rents climb further as supply/demand mismatch ‘set to continue for some time’
Rightmove listed 46% fewer rental properties in Q1 this year than in Q1 2019, while processing 48% more tenant enquiries.
Market Snapshot: Prime regional house prices ‘begin to stabilise’
'Buyers are not feeling the same sense of urgency that they felt last year,' says says Frances McDonald of Savills Residential Research;' they’re more cautious and are happy to bide their time.'
Buyers & sellers spring into action as London market thaws
31-branch agency Chestertons saw a 22% uplift in buyer enquiries last month, and brought 30% more properties onto the market.
Between the Lines: Why you should handle house price data with care
Conflicting signals in recent months have highlighted the pitfalls of relying too heavily on house price indices, says Tom Bill.
‘What we are now experiencing may simply mark the start of the ‘new-norm’, says buying agency
But Garrington expects "further mixed conditions" and a lots more "dramatic headlines" in the coming weeks and months.
How much residential space can you rent for $2,000 a week around the world?
'Most of these 25 cities have outperformed 2019 rental values and look set to continue growing this year,' says Savills.