The Market
More than half of homes sold in September had their asking price reduced
'With some sellers still holding out for last year’s prices, it’s the number of homes changing hands rather than their price that’s bearing the brunt of the slowdown,' says Hamptons.
Rents climb further as 25 tenants chase each property
'We’ve been really feeling the pressure of having to manage the mounting number of enquiries for each rental property we have available,' complains one letting agent.
Prime London property ‘remains more robust’ than mainstream markets
But top-end buyers' price expectations are still 'markedly lower' than sellers' across prime London, says Savills.
Prime London Property Market Snapshot: Week 39, 2023
Far fewer deals are taking place in prime London than at this time last year.
‘Prime markets furthest from London are holding up the strongest,’ says Savills
Scotland is now the UK's 'top performing' prime property market.
Stuart Baillie: Five ways to solve the housing crisis
Housing delivery will be a key battleground issue in the run-up to the next election – and herein lies the problem, says Knight Frank's head of planning...
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 HMRC, Zoopla, Strutt & Parker, Benham & Reeves, Propertymark, Savills & more...
Forecast: PCL rents set to soar 24% by 2027, while property values likely to climb 8%
Knight Frank has updated its property market forecasts, expecting Prime Central London prices to out-perform other markets over the next five years.
Mortgage approvals dipped further in August – BoE
August saw net mortgage approvals for house purchases fall to the lowest level since February.
The Sunday Times: It’s the Roaring Twenties, but only for London’s elite
Charlotte Ivers reports on the gilded lives of the capital's ultra-high-flyers for The Sunday Times.
Jo Eccles: The autumn market is gathering momentum
Buyer confidence has been boosted by a number of factors over the last few weeks, and enquiries levels are back up to last year's levels, reports Eccord's MD.
RICS launches ‘manifesto for the built environment’ ahead of General Election
The RICS says it is its "duty to advocate policies that provide solutions to some of the most important challenges of our time."