The Market
Asking prices continue to climb as some buyers pause while others rush deals through
'The vast majority of buyers who had already agreed their purchase are still going ahead,' says Rightmove, but some buyers 'have had their plans dashed by the sudden nature of the mortgage rate rises.
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 UBS, Rightmove, Knight Frank, Savills, Acadata & more…
London rents reach a record high as supply shrinks and demand climbs
Foxtons has listed 38% fewer rental properties so far this year compared to last, while tenant demand is running high.
The potential impact of rising interest rates in seven graphs
The Resolution Foundation estimates the average London mortgagor will be paying £5,500 more in annual costs by the end of 2024.
Truss sacks Kwarteng as Chancellor; rolls back another tax cut
Jeremy Hunt has replaced Kwasi Kwarteng as Chancellor of the Exchequer.
Global housing markets are ‘at the tipping point’, warns UBS, with ‘significant price corrections’ imminent in many world cities
'We are witnessing the owner-occupied housing boom finally under pressure globally,' says UBS, which warns of 'significant price corrections' in a majority of the highly-valued global cities in the coming…
Liam Bailey: The end of the asset boom?
Knight Frank's global research chief surveys the latest themes in property, wealth & investment...
‘Storm clouds clearly visible’, warns the RICS as ‘dial shifts’ on the housing market
The property market 'has clearly shifted in a negative direction', says the RICS' Chief Economist, with surveyors expecting house prices and transaction volumes to fall in the coming months.
Market Snapshot: Where next for prime rentals?
Low supply and elevated demand have sent prime rents soaring in 2022, but what impact will inflation and the cost of living have on tenants' budgets?
Most home-buyers & sellers ‘remain undeterred’ by property market turbulence
One in six home-movers have changed plans as a result of recent mortgage market catastrophising, according to a London estate agency's latest survey, but the majority of buyers and sellers remain 'level…
Race for space is over, says buying agency
Black Brick has been 'inundated' with requests for classic two-bed flats around Hyde Park - and buyers aren't even asking about a garden or balcony...
House price growth was running at 9.8% across England & Wales last month – Acadata
The market was outperforming expectations before the Chancellor's mini-Budget, with annual inflation of up to 25% recorded in some parts of the country.