The Market

Annual price growth increased to 10.2% in England & Wales last month, reports Acadata.

"A lot has changed in global property markets since we issued our last global prime residential forecast in December 2021," says Knight Frank.

"It is little surprise that housing market activity is now losing some momentum," says the RICS - but most surveyors "still anticipate prices will be modestly higher than current levels in a year’s time.

After two years of punchy growth, house prices in 25 regional market towns have fallen by an average of 2% in the last 12 months.

A planning order covering parts of Notting Hill, Chelsea & and South Ken has been given the green light by Levelling Up Secretary Greg Clark.

The average international premium for a waterfront property compared with a non-waterfront home has climbed to 40%, according to Knight Frank.

Croydon (CR0), Wandsworth (SW18) and Merton (SW19) are the most active London areas for home-buying activity, with each postcode seeing more than 60 homes sold each month.

Nine sales of £15mn-plus estates have been recorded across England & Wales so far this year.

Escalating costs of living and inflationary pressure are likely to slow the pace of prime rental price growth down in the coming months, says Savills - but the firm has still upgraded its five-year price…

Economists question the Bank’s latest forecasts while the direction of travel for mortgage costs is less open to debate, writes Knight Frank's head of UK residential research.

Pipeline now stronger than it was in the final months of the stamp duty holiday in 2021, reports Knight Frank.

High-end market continues to hold its own despite wider economic context, with demand staying high and stock levels still low…