The Market
Ranked: Britain’s £1mn+ property hotspots
The number of property millionaires has fallen back from a pandemic peak, says Savills - but the number of homes worth at least £1mn remains 28% higher than in 2019.
Vendor sentiment dips in London but market remains ‘surprisingly resilient’ – OnTheMarket
55% of UK sellers remain confident they will sell within the next three months.
‘Commitment to move home’ hits highest level in over a year
Improving affordability is a factor, but most buyers & sellers 'just want to get on with life', reports Savills.
Ranked: Where home-sellers made the biggest profits in 2023
Homeowners who sold-up in 2023 did so for an average of £103k (48%) more than they initially paid for their home, says Hamptons, down from a record high of £113k in 2022.
Rising stock levels put the brakes on Prime London rental growth
At the end of 2023, there were 60% more properties available to let compared with a year earlier.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from LonRes, Savills, the ONS, Hamptons, the RICS, Foxtons, Cluttons & more...
‘Stubborn sellers rewarded’ as gap between asking and sold prices narrows
'The house price crash that so many experts said was an inevitability appears to have been averted,' says Benham and Reeves' boss, adding that 'we fully expect the market to go from strength to strength…
Outlook brightens for Prime London market after ‘subdued’ end to 2023
'The long-term trend is one of stability,' says LonRes, as property agents report buyers are back out shopping...
Foxtons reports ‘a strong start to what should be a pivotal year in London lettings’
Demand and supply appear to be rebalancing to more sustainable levels.
Postcard from Toronto: ‘Predicting a fire sale would be premature’
Jeremy Finkelstein of Harvey Kalles Real Estate shares some valuable insights into the Canadian real estate market, highlighting some familiar themes for UK market-watchers...
Cluttons declares ‘an end to house price falls’
Property firm issues an upbeat set of property price forecasts, anticipating 3.5% growth in London and 5% growth across the UK by the end of 2025.
Sales market activity ‘continues to improve gradually’ – RICS
'Downward pressure on prices is diminishing,' says the RICS, as surveyors suggest property values will 'remain largely flat' through 2024.