The Market

'The initial rush to complete sales before the April 1 deadline notably subdued towards the latter end of March,' report surveyors.

The average property in England & Wales sold for 99.0% of its final asking price in the first quarter of 2025, reports Hamptons, despite rising transaction costs.

The world's wealthiest cities in 2025: Of the top 50 international HNW hubs, only the UK & Russian capitals have seen their millionaire populations decline over the last decade.

London is once again Rightmove's most searched-for location, as interest in coastal & country properties has fallen back from the Covid-era 'race for space'.

New sales listings & price cuts abound in prime London.

It is rare that buyers in this sensitive market will be fooled by aesthetics alone, notes top buying agent.

Q1 was the strongest period for more than two years, says research firm, although average prices remain nearly 5% below the previous peak in late 2022.

Firm claims big market share gain in west London 'oasis'.

'It’s likely that we will now see a return to a normal pace in the sales market now that the Stamp Duty threshold changes have taken effect,' says estate agency trade body.

'When sentiment sours, it’s the high-end, optional purchases that stall first'

Buyers' market to continue across the prime postcodes amid supply & demand imbalance, says Knight Frank.

'More landlords are leaving the sector, and we can feel on the ground that their numbers are reducing,' says Knight Frank's lettings boss.