The Market

Surveyors have reported the steepest decline in home-buyer enquiries since the early days of the pandemic.

"Global housing markets have wrongfooted us this quarter," says the Knight Frank research team, as property markets continued to post strong growth

"It is too early to predict when escalating cost-of-living pressures will begin to bear down on effective demand," says UK Finance

Unless the economic scene changes dramatically, a cataclysmic collapse in property values is unlikely, says the Glentree boss.

We need "action on a scale similar to the initial Covid response," says First Minister Nicola Sturgeon.

Kwasi Kwarteng is the new Chancellor of the Exchequer under Prime Minister Liz Truss, while Simon Clarke has the housing brief as Levelling Up, Housing & Communities Secretary.

Propertymark is running a survey to find out what letting and estate agents think about short-term lets, and how they are affecting the wider property market.

"Negative outcomes aren't baked in," says Winkworth boss Dominic Agace, summing up the mix of optimism and apprehension within the property industry.

Foreign Secretary Liz Truss has beaten former Chancellor Rishi Sunak to become leader of the Conservative Party and Britain's next Prime Minister.

The occupant of Number 11 Downing Street will play a bigger role in housing policy than the new Prime Minister or Housing Minister, suggests Tom Bill.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Hamptons International, Knight Frank, Savills, Rightmove, LCP, Zoopla & more…

Another influential team of analysts expects a sharp downturn for Britain's property market, with London house prices likely to fall 15%.