The Market
Property sales ‘continue to stall’ while rental market picks up steam
A 28-month run of rising house prices has come to an end, reports the RICS, as buyer demand tails off and transactions stall.
The case for Nine Elms: How south London’s big riverside regen ‘has become a key destination for lifestyle’
More than half of all homes in the Nine Elms Masterplan are now either complete or under construction, says Savills - and the area is finally developing its own personality.
Gazundering backfires for buyers as deals collapse
One major London estate agency has seen 20% of its sales pipeline fall through as a result of buyers trying to renegotiate prices, reports acquisition firm Black Brick.
UK house price growth slows to 8.8% – Acadata
The annual change now varies from 2.2% in Greater London to 30% in Bournemouth, Christchurch & Poole.
New shortage of property for sale looms, warns London estate agency, as market appraisals drop by a third
Buyer demand remains strong in London, reports Chestertons - but the estate agency carried out 34% fewer market appraisals in October than in September...
Property market moves towards ‘a lower activity environment’
Residential transaction volumes are likely to drop to under three-quarters of pre-pandemic levels in 2023, suggests Savills, and not recover until 2025.
Build-to-rent sector ‘could be in for a record year’
Build-to-rent volumes have jumped 10%, says Knight Frank, confirming that the sector is 'a robust asset class that outperforms in periods of economic uncertainty.'
Abrahmsohn: I see the property market moving sideways for a while
Current predictions of a long and drawn-out recession are overdone, writes Glentree boss Trevor Abrahmsohn.
Rising interest rates: Why the Bank of England has increased rates again and what to expect next
Financial markets are currently forecasting interest rates of around 4.
SDLT receipts rocket as nil-rate threshold doubles
Stamp Duty revenue leapt to a record high in Q3, but the property market is now cooling from its pandemic boom.
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 Knight Frank, JLL, Credit Suisse, Savills, London House & more…
Tom Bill: Was the October dip a blip?
Weak UK housing market data in October is not a reliable indicator for what comes next.