The Market

'The outlook isn’t exactly gloomy, but neither does the warmer weather signal lift-off for the market,' says Knight Frank's Tom Bill.

Housebuilder confidence is building, but development land 'is not changing hands at a rapid pace yet.'

'The gap between asking prices and market expectations has narrowed slightly but remains significant,' says estate agency trade body.

Buying agency warns househunters not to be swayed by 'the seduction of spring', explaining what professionals take notice of when viewing a property at this time of year.

London's biggest estate agency has shared data on the number of buyer enquiries it receives, highlighting branches that have seen demand more than double compared to last year.

Private bank Coutts tells its clients where to unearth the biggest price cuts in the capital's Golden Postcodes.

7% more new sales instructions have been listed on LonRes so far this year than in the first 17 weeks of 2023, but 7% fewer sales have been agreed.

We're seeing 'increased stability seen in the mortgage markets', notes Emily Williams of Savills, but Knight Frank's Tom Bill says 'it doesn’t feel like the UK housing market is ready for take-off this…

Prices picked up in the first three months of 2024 after bottoming out at the end of 2023, and activity levels are also on the rise - but caution remains the watchword.

'Significant price movement' is being achieved in certain situations, says Eccord.

The pace of rental price growth is cooling fastest in London, says Rightmove, as more top-end properties see asking price cuts.

'The key question is whether this recent improvement in land market sentiment represents a more sustained recovery in the land market or whether this simply reflects a short term release of latent demand,'…