The Market

London is once again Rightmove's most searched-for location, as interest in coastal & country properties has fallen back from the Covid-era 'race for space'.

New sales listings & price cuts abound in prime London.

It is rare that buyers in this sensitive market will be fooled by aesthetics alone, notes top buying agent.

Q1 was the strongest period for more than two years, says research firm, although average prices remain nearly 5% below the previous peak in late 2022.

Firm claims big market share gain in west London 'oasis'.

'It’s likely that we will now see a return to a normal pace in the sales market now that the Stamp Duty threshold changes have taken effect,' says estate agency trade body.

'When sentiment sours, it’s the high-end, optional purchases that stall first'

Buyers' market to continue across the prime postcodes amid supply & demand imbalance, says Knight Frank.

'More landlords are leaving the sector, and we can feel on the ground that their numbers are reducing,' says Knight Frank's lettings boss.

UK estate agency Hamptons has seen interest from international buyers fall to the lowest level on record, while Henley & Partners reports a tripling of enquiries from wealthy Brits looking to relocate…

Your essential five-minute briefing on the latest market movements & commentary, featuring data and analysis from Hamptons, Savills, Knight Frank, BoE, Nationwide, OnTheMarket & more...

Richmond was the most 'in demand' area of the prime London property market in Q1, reports Benham and Reeves.