The Market

The market is returning to more typical levels, reports the estate agency.

Stay abreast of the key policies & issues affecting the sector with our regular legal briefing, prepared by Boodle Hatfield's team of experts.

'The meteoric rental value growth seen in recent years has calmed down,' says Knight Frank.

16% more sales were agreed in Prime London last week compared to the previous seven days, but 15% fewer than the corresponding week last year...

Economics expert David Smith explains how the housing market has so far managed to swerve a major downturn in this piece for The Times.

Strutt & Parker's Central London offices enjoyed a 'significant' flurry of buying activity last month, with 84% more offers accepted in November than in October.

Exchanges have been running 40% higher than the five-year average in the leafy NW London neighbourhood, reports agency.

'There are signs that the UK rental market will turn in 2024,' says Richard Donnell; 'rents are reaching the maximum affordable price and rental demand is starting to slow.'

Almost twice as many homes have sold for more than £10mn in Mayfair this year than in 2022.

The property market displayed 'much-better-than-predicted resilience this year,' says Tim Bannister, despite a bigger than usual December dip for new asking prices.

'We expect lending to remain weak in 2024, with a gradual improvement in affordability reflected in a modest increase in activity levels in 2025,' says banking industry trade body.