The Market
House price inflation eases to +9.6% – UK HPI
The official UK House Price Index tells us that average property prices increased over the year to January; in England to £292,000 (9.4%), in Wales to £206,000 (13.9%), in Scotland to £183,000 (10.
60% of sales going to best & finals in parts of London as competition hits ‘fever pitch’
83% of Savills agents have seen an increase in competitive bidding in recent months
Property transactions drop by a fifth
Around 21% fewer residential property transactions were recorded by HMRC in February 2022 compared to the same month in 2021.
Stamp Duty revenue surges to a record high
£16.9bn was paid in property taxes from April 2021 to February 2022; £6.1bn more than in the same period a year earlier, despite the Stamp Duty holiday.
London property is over-valued by ‘as much as 50%’, warns ratings agency
Analysts predict a property market "correction" in and around the capital, as house prices detach from incomes.
Chancellor Sunak preps for Spring Statement
Rishi Sunak is due to present a "mini Budget" shortly after midday on 23rd March.
Over 50,000 property sales have fallen-through already this year
A "ridiculous" number of property sales are collapsing, says proptech firm Gazeal; more upfront information might help...
Monday Market Review: Keys figures & findings from the last seven days
Catch up on all the latest market movements in less than five minutes, featuring analysis by Rightmove, Jackson-Stops, Knight Frank, Propertymark and LonRes
‘Best ever spring sellers’ market’ as asking prices hit another record high
Rightmove has recorded the biggest March jump in average asking prices since 2004 - but the portal's top analyst warns "there are headwinds that seem likely to remove the current market froth in the second…
Property transactions leap by 28% in a typical March
The traditional Spring market bounce sees property transaction numbers jump by an average of 28% in March, according to new analysis by Jackson-Stops.
‘Clock is ticking’ for buyers & sellers as normality beckons
Eyebrow-raising house price growth may be coming to an end, says Knight Frank
Supply improves but agents’ books ‘are still bursting with those who have missed out on previous properties’
"The amount of properties going for over the asking price is still a figure that’s over three times more than what we would see in a pre-pandemic market," says Propertymark's CEO, "but with the cost…