The Market
Higher borrowing costs force a ‘change in strategy for landlords’
'Investors are having to dig deeper into their savings to ensure the sums stack up on any new buy-to-lets,' says Hamptons.
Clear evidence of a sustained downturn but this is not a collapsing market – Acadata
Prices are still growing, albeit at a much-reduced rate.
UK mortgage applications fell sharply in the final quarter of 2022
Fresh data from UK Finance and Accenture confirms the sharp drop in house-buying and consumer confidence following the ill-fated mini Budget.
Property sales listings have nearly doubled since the start of the year
New analysis points to a surge of new supply hitting the property market.
Property market shows signs of ‘a more stable picture’ – RICS
Key property market activity metrics all remain negative - but less so than in January.
Mayfair agency in £200mn deal run as wealthy buyers target trophy townhouses
The Mayfair house market is having a moment, reports Knight Frank's local sales team.
The cash-rich top of the market seems to be holding up best – Hamptons
...but larger homes are still taking much longer to sell than usual.
London remains Europe’s most expensive city to buy property
Central London's 'investment window looks incredibly ripe for super-prime assets,' says Strutt & Parker boss.
New crackdown on PCL’s empty homes
Westminster is rolling out a series of new measures to discourage the purchase of holiday homes or 'buy to leave’ investments.
Foreign investment in London property remains well below pre-pandemic levels, despite a surge in dollar-buyers
Dollar-based buyers enjoyed significant currency discounts on homes in London last year, but demand from European and Middle Eastern buyers remains low.
Mapped: Britain’s £1mn-plus property hotspots
The number of £1mn-plus homes has rocketed by around 40% since 2019, reports Savills.
Buying agency reports ‘improving levels of cautious optimism’ amongst home-movers
'Whilst the prime property market has healthy levels of activity it nonetheless remains incredibly price sensitive,' says Garrington.