The Market
Homebuyer demand eases across the country
A lower proportion of property listings were marked as sold in Q3 this year than last, reports GetAgent - with Bristol and London the only places to see an increase.
‘Intense’ tenant demand fuels record prime rental growth in London
Current growth rates 'cannot be sustained,' says Savills, as its prime lettings index records the highest annual increase since it started in 1979.
Chancellor reverses top-rate tax cut
Kwasi Kwarteng has done a sharp u-turn on a proposed tax cut for those earning over £150k.
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 Savills, Rightmove, Knight Frank, Propertymark, Zoopla, Search Acumen & more…
The mini-Budget: What next for mortgages?
The government needs to calm financial markets as well as voters ahead of the next general election, says Tom Bill.
Property sales supply picks up, but still out-paced by buyer demand – Propertymark
'The number of properties available to buy is recovering from the mad dash we had before,' says Propertymark boss Nathan Emerson.
The rental market is ‘a pressure cooker getting hotter’ – Propertymark
77% of letting agents reported rising rents in August, says industry trade body.
The housing market ‘is slowly transitioning to a buyers’ market’ – Zoopla
Higher mortgage rates are reducing home-buying power by "as much as 28%", warns property portal.
UK house prices ‘could easily fall 10% to 15%’, suggest economists
Economists expect interest rates to spike and house sales to tumble - meaning the last year's worth of aggressive property price growth could be rolled back.
Interest rate rise ‘motivates two-thirds of home movers to act now’, claims estate agency
Rising mortgage rates are "driving homeowners to sell now rather than wait until 2023," says Jackson-Stops, noting that this is "boosting housing stock across the country and in turn, helping to balance…
Labour sets ambition to raise UK home ownership to 70%
Home ownership is "the bedrock of security and aspiration," says Keir Starmer.
Welsh Government updates Land Transaction Tax rates
Wales is cutting the Land Transaction Tax for lower-value homes, while raising rates for properties above £345k (the top c.15% of the market).