The Market
What’s in store for prime property prices?
Rising mortgage rates and economic uncertainty are expected to put downward pressure on house prices and transactions over the next 12 months or so, but Savills is forecasting prices will increase over…
Prime global rents continue to climb, but the pace of growth is easing
Luxury rental values in New York, Singapore and London have bounced back hardest from pandemic lows, according to Knight Frank's latest index.
London’s lettings market cools, but average rents are still 20% higher than last year
Average rental prices in the capital fell by 3% last month, says Foxtons, in line with a normal seasonal slowdown.
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 LonRes, ONS, Propertymark, OnTheMarket, Knight Frank, UBS & more...
‘There is invariably potential somewhere’: Nest Seekers boss reveals his strategy for managing a property market downturn
Solly Strickland, UK Managing Director of international estate agency Nest Seekers, is sanguine about the prospect of a housing market downturn.
Revealed: The prime London property market’s winners & losers after a ‘mixed’ year
Where in PCL have prices been rising fastest over the last 12 months? And which riverside neighbourhood has seen sales soar by 40% on pre-pandemic levels?
Vendors lose confidence as market ‘rebalances’
Listings are also taking longer to sell, reports OnTheMarket - but latest data 'pointing to a rebalancing, rather than a severe correction'
BoE bumps interest rates up again, to 3.5%
Interest rates continue to climb as the BoE attempts to bring CPI inflation down.
Major agency predicts ‘exceptional’ year ahead for PCL
Carter Jonas thinks Mayfair, Marylebone, Kensington and Chelsea will outperform all London markets in 2023 as more cash buyers flock from overseas.
Savvy buyers snap up ‘Christmas bargains’ as competition drops by a third
'The sales market is firmly back in the hands of buyers,' says Propertymark.
Global real estate markets slow as interest rates climb
'Real estate returns have slowed, and transaction activity has fallen as some deals agreed at prices prior to the slowdown have been aborted,' says UBS.
London house prices dip but the wider property market remained robust in October – UK HPI
London's average house price fell by 0.9% in October, according to the official UK House Price Index, while the national average property value nudged up by 0.3%.