The Market
Feeble Autumn price bounce as vendors hold back
Rightmove reports a 13.5% year-on-year drop in new property listings, with October's traditional price bounce coming at just +0.6% - the lowest monthly rise at this time of year since 2008.
Hamptons toasts record lettings performance
Lettings division of Countrywide-owned agency posts best ever third quarter, with year-on-year growth in every month so far this year
London prices fall for twelfth month in a row
The market across England & Wales continues to 'deflate slowly', according to LSL & Acadata
London vendors slash prices to secure a buyer before Christmas
Chestertons recorded a near-60% increase in price reductions across its network in September, which looks to have stirred buyers into action...
The Trial Reservation Experiment: Getting our houses in order
Glentree chief Trevor Abrahmsohn applauds the Housing Ministry's move to try-out Reservation Agreements in property deals, and puts a price on a "Gentleman's Word"
‘Buyers & sellers recalibrate and try to second-guess what’s coming next’
"Much like the weather over the last month, the property market has become increasingly unpredictable," says national buying agency Garrington in its monthly top-line review of market machinations.
The number of UK property firms in ‘significant financial distress’ has risen by 78% since 2016
Sector has been 'particularly badly affected' by deteriorating economic conditions, says insolvency firm Begbies Traynor
Asking rents jump to record highs in London & around the country
Nearly a quarter of landlords are planning to cut their property portfolios in spite of record asking rents, says Rightmove
Prime London property transactions jump 14%; instructions up 9% – but prices fall
New LonRes data for Q3 tells of a markedly busier Summer compared to last year in prime London - although the market above £5m remains subdued
Average time to sell jumps as the property market freeze continues
Two separate analyses tell us that homes are taking longer to find a buyer now compared to a year ago
UK property price growth picks up; Inner London shows signs of recovery – UK HPI
The annual rate of UK house price growth has climbed to +1.3%, according to official data.
New-build homes now account for over a third of London’s super-prime property sales
Resilient demand in the face of uncertainty has boosted new developments' £10m+ market share from 18% to 34% in the last two years, reports Knight Frank, as the super-rich prioritise security and hotel-grade…