The Market
‘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%.
Buying agency picks 11 top trends to watch in 2023
House price predictions have been coming in thick and fast over recent weeks, but what type of properties and features are going to be in high demand in 2023?
Prime Central London agency reports ‘sharp rise’ in big-ticket short lets
Russell Simpson is putting 'more focus' on short-term rentals, after noticing a spike in demand across PCL.
Nicky Stevenson: ‘A very different year beckons’ in 2023
'Although the reputation of the UK suffered damage in the autumn, the stability afforded in recent weeks will do much to restore confidence,' says Fine & Country chief Nicky Stevenson, as she reflects…
Tom Bill: Don’t read too much into current UK housing market data
KF's UK resi research chief explains why we are unlikely to see much clarity on the longer-term trajectory for house prices until March next year...