The Market
Record number of London development schemes stalled as difficulties grow
Survey shows around 70 significant projects are at a standstill, while new-build sales have fallen to their lowest level in 12 years.
Surprise lift for mortgage approvals in June
The latest Bank of England data shows an increase in lending activity from May to June.
From cash-rich buyers to overly-aggressive tactics: Five key trends in the PCL market right now
'We have seen several instances recently where overly-aggressive tactics and tone have been deployed by a seller’s estate agent or lawyer, which has nearly derailed a transaction close to exchange unnecessarily.'
‘This is now a buyer’s market’ – Garrington
Slowdown "is not a temporary aberration but looks to be a shift in the UK property market’s landscape for the second half of the year," says top buying agency.
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 Jackson-Stops, Foxtons, Chestertons, Knight Frank, Savills, Prime Purchase & more...
Political spat erupts as Prime Minister ‘steps in’ to tackle London’s housing problems
Rishi Sunak has outlined a plan to build more homes in central London, in a move that Mayor Sadiq Khan has dismissed as 'pathetic gesture politics'.
Southern England ‘bears brunt of house price falls’ as buyer demand drops – Zoopla
Zoopla expects average UK property prices to be 5% lower by the end of the year - but that would still be 15% higher than pre-pandemic levels.
Mortgage sales have slumped 42% so far this year
New analysis shows London and the South East have seen the biggest declines in mortgaged transactions.
Lloyds reins-in house price slump expectations
Lloyds Banking Group now expects average UK house prices to end 2023 5.6% lower than they started the year, with a 'best case scenario' of -3.3% and a 'severe downside scenario' of -9.3%.
Local short-term let rules are the only way to ensure balance – Propertymark
Regulation could help, but construction of more homes 'remains the real solution', says property industry trade body.
What impact is rate hiking uncertainty having on buyers?
Buyers are finding it difficult to plan without surety about how high interest rates will climb, says Knight Frank.
Prime country houses post biggest price drop since the GFC
...but high numbers of cash buyers are keeping the top-end moving.