The Market
House of the Rising Sun: Why Prime Central London property is out of sync with global market cycles
Various factors have led to an unusual disparity between PCL values and those of major financial hubs around the world, writes Ollie Marshall; it's no surprise that overseas buyers are making their move..
Supply levels recovering in prime London’s lettings market
The number of properties available to let is up by over 60% compared to a year ago, but levels are still around 40% below where they were in 2019.
Global residential rents tick higher but affordability begins to bite
Slower growth in top-tier rental markets such as New York and Singapore 'points to the likely direction of travel for big city markets,' says Knight Frank.
Residential transactions ‘have been considerably lower than historically’, says ONS as the official UK HPI turns negative for the first time since 2012
Industry reactions to the latest ONS/Land Registry House Price Index from Knight Frank, Savills, Foxtons, Jackson-Stops, Fine & Country, SPF Private Clients, Propertymark, and more.
Location, Location, Wellbeing: Giles Barrett on the new priorities for buyers
The pandemic completely redefined how we live, and location is no longer the be-all and end-all for today's househunters.
Prime London Property Market Snapshot: Week 45, 2023
47% fewer property sales were agreed in prime London last week compared to the same week last year, according to the latest LonRes/PrimeResi market data.
London tenants move on to find better rental deals as supply improves
'Landlords are increasingly having to reduce their rental expectations in order to secure a tenant,' says Chestertons.
‘There seems to be no rush for many potential buyers & sellers’: Transactions & prices slide in Prime London’s ‘subdued’ sales market
Average values across the prime postcodes are now roughly in line with early-2014 levels, reports LonRes.
Property price declines are ‘running out of steam’ in most major markets
Oxford Economics thinks 'further significant corrections are unlikely' for global house prices.
Rowley returns to Housing Ministry in Government reshuffle
'Déjà vu time once again' as the housing ministry's 'revolving door' welcomes back Lee Rowley.
Analysis: Could this be the fabled bottom of the market?
Possibly, but the latest positive house price data could also be the symptom of a weak market, explains Tom Bill - and it wouldn’t be sensible to jump to a firm conclusion this side of Christmas.
2023 was ‘better than expected’ for the property market, says Rightmove, despite price declines & subdued activity
'There has been more to be positive about in 2023 than many thought there would be at this time last year,' says Rightmove's top property market analyst.