The Market
Country property market continues to surge as ‘more traditional rhythms’ emerge
Britain's country house market continues to romp along at pace, says Knight Frank, as "pent-up demand keeps the race for space alive
Properties are being snapped up 42% faster compared to five years ago
The average time it takes a new property listing to find a buyer has fallen by 42% since 2016, according to some new research. But conveyancing is taking longer than ever.
41% of agents report the average property deal now takes more than four months to complete
Propertymark's July market snapshot tells of slowing buyer demand, as deals taking significantly longer to complete than in pre-pandemic times.
Ranked: The best UK cities for property investors
Glasgow, Edinburgh and Belfast are the top picks for residential property returns, suggests Colliers, while locations in the South East are less appealing for investors.
House price growth slows to +7.8%
The average UK property price increased by 1% from May to June this year, according to the latest official House Price Index.
Mapped: Prime London price & rental growth
Which areas of PCL and Prime Outer London have outperformed over recent months?
Opinion: Is luxury real estate a recession-proof asset?
"Real estate is more recession-proof than other assets, especially when it comes to luxury homes," argues Mickey Alam Khan, the New York-based president of Luxury Portfolio International.
The number of homes listed for sale has fallen 12.5% in the last year
Estate agencies have listed an average of 7.3 homes per branch across Britain in 2022 so far, down from an average of 8.4 in 2021, according to some new research
More home-buyers are turning to short-term lending to beat competition
Bridging lending activity has risen sharply, as investors and home-buyers turn to short-term lending solutions to secure a property in a competitive market.
Sharp drop in confidence amongst London property sellers
"The change in economic headwinds is starting to be reflected in seller confidence," says OnTheMarket.
Monday Market Review: Key figures and findings from the last seven days (w/c 08.08.22)
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Knight Frank, Rightmove, RICS, Savills, LonRes, Acadata & more…
Another top agency cuts Prime Central London property price forecasts
Strutt & Parker now expects PCL property prices to end this year 2-5% higher than they started it, having predicted 5-10% growth through 2022 just a few months ago