The Market
Prime London Property Market Snapshot: Week 11, 2024
10% fewer sales have been agreed across the prime London postcodes so far this year than in the same 11-week period in 2023.
Prices & sales slip in Prime London but market still ‘operating normally’
'Discounts, reductions and time on the market are all broadly in line with long-term trends,' reports LonRes.
Why the price expectation gap between buyers & sellers risks widening
Rising supply and mortgage rates may increase downwards pressure on asking prices, explains Knight Frank's head of UK resi research.
Cash buyers insulate Surrey’s top-tier property market
The proportion of buyers using cash across the county's famous private estates & roads jumped from under half in 2021 to nearly two-thirds in 2023, says Savills.
Asking prices jump 1.5% in a month as the property market ‘marches in Spring’
Rightmove reports a continued recovery in home-buying activity, led by the top-end of the market.
Estate agency calls out ‘stealth tax’ on landlords despite CGT cut
'Most landlords leaving the market this year will end up paying more tax than two years ago, not less,' says Hamptons.
Rental price growth ‘continues to cool’, easing to +7%
The number of homes available to rent has jumped by 30% in the last year, but Hamptons warns the increase 'predominantly reflects the fact that homes are taking a little longer to let, rather than a rise…
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 Foxtons, Investec, Wetherell, Knight Frank, Savills, the Bank of England, Rightmove & more...
Scottish seaside town named Britain’s ‘best place to live’ in 2024
Perennial favourites are missing as the annual Sunday Times Best Place to Live rankings focus on 'improving locations with a strong sense of community rather than famous names with high house prices.
Ranked: London’s busiest property markets in 2023
It was 'a difficult year for the London property market,' says Benham & Reeves, yet almost 50,000 homes still changed hands in the capital through 2023 - with just two boroughs accounting for more than…
Surveyors report ‘upward shift’ in housing market activity
The latest survey of surveyors 'provides some grounds for encouragement around the sales market', says RICS Chief Economist Simon Rubinsohn, although house prices continued to fall in February.
Coutts boosts lending ratio ‘to support clients as they reach the highest rungs of the super-prime property ladder’
Specifically targeting Prime Central London, the lender wants to help HNWIs 'take advantage of a recent uptick in listings of super prime properties for sale'.