The Market

...but the average price is still £4,500 up on this time last year, reports Acadata.

'An important message coming back from RICS agents is around ensuring prices are set with an eye on the market conditions of today, rather than the recent past,' says the Institute's Chief Economist; 'when…

"Property prices have held up reasonably well but transactions have slowed, leading to a high number of agreed sales being delayed to the second half of the year," says leading estate agency.

'Buyers are still out there and they are keeping the market moving and underpinning values – at least for now'

But rental stock 'is not as scarce as it was this this time last year,' says Savills - and 'only the highest quality homes can now expect multiple bids.'

Throughout the many ups and downs of recent decades, the inter-agent market has prevailed - and those who have embraced it have tended to do rather well, says the LonRes MD.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from JLL, Zoopla, Knight Frank, LonRes, Savills & more...

Erratic and extreme weather patterns are driving a worrying - and expensive - surge of subsidence claims across the capital and South East England.

"The surge in the number of holiday homes coming onto the market in the South Hams is hard to miss," says the founder of Salcombe-based luxury rentals firm Finest Stays.

'The implications of stubborn inflation on the UK mortgage market are hampering activity in Prime Central London,' says JLL.

A survey by Jackson-Stops reveals what home-buyers are prioritising - including energy-saving measures, proximity to a public park, and having a downstairs loo.

Zoopla flags 'a postcode lottery' across the UK, with a roughly even split between the number of homes seeing values rise and fall.