The Market
Chancellor Kwarteng to deliver ‘emergency mini-budget’ on 23rd September
The new Prime Minister has promised to cut taxes.
Immediate buyer urgency has stalled – Savills
Sellers will need to become 'much more realistic' in the short-term, warns agency.
Rental demand will continue to outweigh supply this year in Prime London – Knight Frank
'It won’t become a tenants’ market any time soon,' writes Knight Frank's Tom Bill, as the firm's latest PCL index tells of continued double-digit rental growth.
Ranked: The world’s millionaire capitals in 2022
London has fallen further down the wealthiest city rankings, with fewer millionaires now calling the UK capital home than New York, Tokyo and San Francisco.
Annual house price growth jumps to 15.5%, the highest level since 2003 – UK HPI
Last month's step-up in the pace of property price inflation "tells us more about how a stamp duty holiday can alter the course of the housing market than where prices are headed next," suggests Knight…
Tom Bill: What does Liz Truss mean for the prime London property market?
'A short-term boost appears likely from a government already in pre-election giveaway mode,' writes Knight Frank's Tom Bill.
Ranked: The quickest months to sell a home
Analysis of Zoopla data by money.co.uk shows that April and May are the best months to market a property for sale.
Mortgage borrowing climbs 3.8%
More than 95% of new mortgages agreements are on fixed-rate terms.
Trendwatch: New global hotspots emerge as luxury homebuyers hunt for value
'With home prices at or near peak levels in many luxury markets, high-end buyers around the globe are discovering markets where they wield more buying power,' reports Christie's International Real Estate.
Rental growth is peaking despite chronic supply shortage – Zoopla
"There is no real prospect of significantly improved rental supply in the near term," says the Zoopla team, "as private landlords continue to sell off homes due to tax and regulatory changes and renters…
Monday Market Review: Key figures and 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 UK Finance, Knight Frank, Glentree Estates, the RICS & more…
‘£10mn is no longer enough’ for super-prime buyers in London, claim agents
"An amazing family home with five, six bedrooms and a garden, and parking, in zone 1, for £10mn? It’s not going to happen," says buying agent Camilla Dell.