The Market
Knight Frank raises property price forecasts as supply stays low
“House price growth is peaking as supply rebuilds and mortgage rates normalise," says Knight Frank's research chief, Tom Bill.
11% of homes listed for sale find a buyer with 14 days
GetAgent reckons some areas are seeing one in every five new property listings find a buyer within a fortnight.
Short lets could need planning permission under new devolution proposal
"I understand that regional mayors may soon be given the power to ban properties from being used as short-term lets," writes James Forsyth, political editor of The Spectator, in The Times.
‘No sign from agents that the good times have yet ended’ – Propertymark
Estate agents "continue to report a strong, stable market," says Propertymark, with 78% of sales being agreed above asking price.
Buyer demand still surging in London, reports major agency
’Unsatisfied demand’ is putting further pressure on prices, reports Chestertons, after another big month for buyer enquiries
Six Years On: UK Vs EU house price growth since the Brexit vote
Average house prices across the EU-27 have increased by 39% since 2016, while the UK has seen 31% growth.
Bloomberg: The world’s bubbliest housing markets are flashing warning signs
Enda Curran examines the potential impact of a global housing market slowdown on the world’s economy in this Bloomberg deep-dive
House prices continued to climb in April – UK HPI
Official data - which comes with a time lag - tells of a continuing property market boom.
‘Remarkable buyer & seller confidence prevails’ – OnTheMarket
An inevitable rebalancing of supply and demand "will take time", says property portal. Until then, "the ‘new normal’, an elevated version of the pre-pandemic market continues."
BoE drops mortgage affordability test
"Removing the current stress testing could mitigate some of the impact of higher interest rates," suggests Savills, and is "not as reckless as it may sound".
Heatmapped: Resurgent PCL catching up with the rest of the capital
Latest analysis by LCP and Bricks & Logic shows effect of overseas demand beginning to return to London; is a narrowing of the price gap between apartments and houses around the corner?
Asking prices rise to another record high – but the pace of growth slows further
"There are likely to be some month-on-month price falls during the second half of the year," says Rightmove.