The Market
‘Business as usual’, reports OnTheMarket, as buyers & sellers show ‘remarkable resilience’
Over three-quarters of active buyers are confident of moving forward in the next three months, according to the portal's latest survey.
House price growth slowed further in June ‘but the fall was gentler than we have seen in previous months’ – UK HPI
The average UK house price was £287,546 in June 2023, which is £5,000 higher than 12 months ago, but £5,000 below the recent peak in November 2022.
Ranked: Britain’s strongest buyers’ Vs sellers’ markets
Bristol dominates a list of areas where homes are selling fast, says Rightmove, while London enclaves (including Knightsbridge) are the top sellers' markets.
PCL’s ‘best-in-class’ homes are still going to sealed bids
Negative sentiment has led to fewer sellers and a lack of supply across most of Prime Central London - and particularly between £5mn and £10mn, reports buying agency.
Knight Frank heralds ‘relative resilience’ as it cuts global prime resi forecasts
After a challenging run of economic strife and escalating interest rates, Knight Frank's research team has revisited property market predictions for 26 prime global cities in 2023 and 2024.
Annual house price growth at lowest rate in 11 years
Transactions have also slid, and were at their lowest level since the GFC in H1, reports Acadata.
London rental supply improves, but ‘competition is still fierce’
Foxtons reports a 6% improvement in lettings stock in the capital.
All that glitters is not gold: James Holroyd on navigating London’s new-build property market
"'Buy in haste, repent at leisure' applies throughout the property market – but especially to new builds."
Tom Bill: This week’s inflation data holds clues for UK housing
Anyone buying, selling or re-mortgaging should watch the numbers closely on Wednesday, says Knight Frank's head of UK residential research.
Average GB rent bill has risen 9.9% in the last year
Rental prices continue to climb at an eye-watering pace, reports Hamptons, as capital growth tails off.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Knight Frank, Hamptons, JLL, Benham & Reeves & more...
Tenant Trends 2023: Households are ‘prioritising the neighbourhoods over the home’
"There is less emphasis being placed on the home itself and more on what the local area can provide," says JLL after surveying private renters across London and the UK.