The Market

London and New York continue to lead for ultra-prime home sales - above US$25mn - according to Knight Frank's just-published Wealth Report 2023.

2023's purchasers are falling into two categories, says buying firm Eccord.

'It looks increasingly unlikely that the lettings market will return to any sense of normality this year', says Knight Frank.

Liam Bailey, Knight Frank’s Global Head of Research, shares his key insights from the 17th edition of the firm's flagship research event, The Wealth Report.

House prices have soared by an average of over 20% since the onset of Covid-19, reports Halifax, with huge variations driven by a 'fundamental shift in buyer demand'.

Demand is holding up and price declines appear to be bottoming out, reports Knight Frank.

Capital Economics expects house prices to fall by 10-15% - but the impact on the wider economy may not be as severe as in previous property market downturns...

A 'soft reset in house prices continues,' says Zoopla, as sales supply improves and vendors cut price expectations.

'Investing in the housing market was never a short-term play', says DM Hall boss John McHugh, as he provides a sit-rep on a slow start to the year for the Scottish property market.

Overseas buyers accounted for 39% of purchases in Prime Central London last year, down from 55% in 2018.

Significant house prices gains over the last few years have favoured more owner-occupiers than landlords, suggests Savills.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Middleton Advisors, Knight Frank, Savills, Rightmove, Propertymark, Foxtons & more...