The Market

More homes are on the market but fewer are finding buyers.

Landlords in some regions have seen the average cost of void periods jump by 65% in the last year.

The average time from conveyancer instruction to completion is now a 'staggering' 88% longer than in 2007, new analysis finds.

One in every 42 homes in Great Britain is now worth more than £1mn, suggests Savills - rising to one in 11 in London.

ONS data paint a 'sobering picture of the UK business environment,' says Cynergy Bank, but the real estate sector seems to be out-performing the national trend.

Renters renewing a tenancy are seeing rent bills rise much faster than those moving into a new home.

Your essential five-minute briefing on the latest market movements & commentary, featuring data and analysis from the ONS, LonRes, Knight Frank, Garrington, TwentyEA, Savills & more...

Foxtons & Chestertons both saw increased tenant activity in January, but LonRes has highlighted low stock levels in the prime postcodes.

The total number of properties available to rent at the end of last month was nearly 50% lower than five years ago.

The top end of the market took an extended Christmas break in January, reports LonRes, and is 'unlikely to return to the highs of 2021 and 2022 any time soon'.

The annual rate of property price growth picked up from 3.9% in November to 4.6% in December, according to the latest UK HPI.

Savills has welcomed the arrival of 'a new breed of super-prime tenant' in the capital, while UK SIR flags a rise in high-value 'try before you buy' rentals.