The Market

"Modern London is the wild west of the global property market," writes Guardian columnist Simon Jenkins and parts of it are defaced and dying as a result."

In a reversal of last year's trend, new Rightmove data tells us that TfL Zone 6 has seen the biggest increase in property demand, while Zone 1 has seen the smallest rise compared to last year.

The last quarter has pulled the market out of the abyss, but surveyor Eric Curran is now seeing prices being offered that will certainly not be recoverable in the foreseeable future...

London's average property price has escalated back to its 2017 high, according to the latest official UK House Price Index.

Chestertons has reported a 45% increase in new tenancies in London this September compared to last - but supply is running high, forcing many more landlords to cut rents.

Hybrid & online agents boosted their share of new instructions significantly in Q3, reports TwentyCi, but are yet to make much of a dent in the prime market...

Boutique firm Aston Chase joins other boutique operators reporting a bumper run of deals, after chalking up £175m worth of sales in the last five months alone...

Savills saw more new-build homes reservations in Q3 this year than in any previous quarter on record, while development land buyers focus on smaller sites.

PCL's £5m+ transaction volumes are 12% up on last year's levels, with Q3 proving the strongest quarter in five years; ‘these are results that nobody could have anticipated’, says Savills...

Buyers from across the Channel jump to the top of Knight Frank’s international buyer rankings, while purchases by Chinese nationals almost halve in ‘major shift’...

There's been a "rebalancing of the market between London and the country", says Savills, as the capital lags a sharp increase in £1m+ sales across the UK.