The Market
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.
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 the RICS, Savills, JLL, Halifax, Foxtons, Knight Frank & more...
Buy-to-let purchases drop as landlords ‘hibernate’
Investors are buying fewer rental properties than at any time since 2010, according to fresh Hamptons data.
London’s property market is ‘back in balance’, says Foxtons
Estate agency reports 'a return to normality' for the capital's property patterns following the pandemic's upheaval.
Residential rents continue to climb across Europe, despite falling property prices
'The gap between rents and values shows no signs of closing', says Catella.
New consultation pitches five options to cap ground rents for existing leaseholders
Michael Gove wants opinions on how best to change the ground rent system 'so leaseholders are not exploited any longer and can take back control of their own destiny.'
Property market turns ‘slightly less downbeat’ – RICS
The pace of house price declines 'has levelled-off in recent weeks', reports the Royal Institute of Chartered Surveyors.
Resi development land values hit by housing market slowdown & rising costs
Buyers are 'cautious, selective and risk-averse', reports Savills.
Leading economists expect ‘decade-low’ mortgage growth into 2024
'As mortgage rates reach their highest since 2008, economic growth remains subdued and weakening housing market sentiment drives down demand,' says the EY ITEM Club in its latest forecast.
Prime London rental growth returns to single digits as market ‘re-balances’
There was no monthly change to average rents in either PCL or POL in October, the first time they have been flat since April 2021.
Prime London Property Market Snapshot: Week 44, 2023
There's been an upturn in new sales and rental deals across prime London in the last week, although activity remains below previous years' levels.