The Market

Lawyers & leasehold specialists weigh-in on a big update on leasehold reform - including that the 'two-year rule' for leasehold extensions ends in January.

2024 was marred by uncertainty, but full-year transaction volumes should still come in 12% higher than 2023 and only 2.8% lower than 2019, says TwentyEA.

The 'two-year rule' will end in January, but the announcement of more consultations mean major changes to the leasehold system are still some way off.

Property markets in Europe's traditional ski resorts are proving 'resilient', says Knight Frank, as wealthy buyers discover the mountains' year-round appeal.

Propertymark expects home buying & selling activity to 'accelerate over the coming months moving into 2025.'

Agency reports heightened activity in the prime market as uncertainty subsides & forecasts strong demand for flats in the run-up to Christmas.

The capital's lettings market is 'defying the typical seasonal slowdown,' says agency.

Property agents note 'an air of calm confidence' in the latest UK House Price Index, covering September 2024.

RedBook debuts 'industry-first' benchmarking tool for clients & advisors; reveals key insights into the design & construction sectors' 'world of smoke and mirrors'.

But London's rental market has hit an 'affordability ceiling', so is on track for lower growth than other parts of the country.

Agreed sales are down, but more offers are being made than at this time last year, and more new sales instructions are hitting the market.

The proportion of overseas buyers has risen to 27% in London, new stats show, with Asian investors at the forefront.