The Market
North-South property market divide ‘continues to close’
Home-buying activity is on the up but 'a big bounce back in house prices this year still seems unlikely,' says Aneisha Beveridge of Hamptons.
MPs to quiz housing market experts on ways to improve the home buying & selling process
The Levelling Up, Housing & Communities Committee will question leaders from the RICS, Propertymark, HomeOwners Alliance, Open Property Data Association, the Home Buying & Selling Group, and The Conveyancing…
Ranked: The world’s 50 wealthiest cities in 2024
London has lost 10% of its high net worth population over the last ten years, pushing the UK capital down to fifth place on a list of the world's most millionaire-heavy cities.
Property industry reactions: Bank Rate held at 5.25% for a sixth time
The latest inflation figures are 'encouraging,' says the Bank of England, 'but we are not yet at the point of cutting interest rates.'
Buyer demand ‘mellows’ while property listings rise – RICS
'There is still a strong perception that activity in the market will pick up in the latter part of the year and into 2025, irrespective of any political uncertainty around the general election,' says the…
Consumer body Which? calls for substantial EPC reform
'Too many EPCs do not provide an accurate assessment of the energy efficiency of a home.'
Prime London Property Market Snapshot: Week 18, 2024
Fresh LonRes data suggests a relative rush of repricing activity in prime London over the last few weeks.
Tenants push back on rent increases as supply builds in prime London
Knight Frank's Tom Bill explores the latest movements in the prime London lettings arena, flagging increased rental supply and 'early signs that more landlords are considering a sale' ahead of the General…
Savills upgrades UK house price forecasts, anticipating 2.5% growth this year
Lucian Cook's team now expects property values to rise in every region in 2024, with locations furthest from London holding the greatest 'capacity for growth' over the next five years.
Prime London sees ‘lacklustre’ spring property market bounce
'The outlook isn’t exactly gloomy, but neither does the warmer weather signal lift-off for the market,' says Knight Frank's Tom Bill.
‘Sentiment has shifted’ as property developers feel more upbeat
Housebuilder confidence is building, but development land 'is not changing hands at a rapid pace yet.'
‘Buyers remain in the driving seat’ – Propertymark
'The gap between asking prices and market expectations has narrowed slightly but remains significant,' says estate agency trade body.