Sales

Ministers want to speed up homebuying and reduce failed sales, but many of the reforms being proposed have long been standard practice at the top end of the market, writes property lawyer Laura Conduit.

Savills' resi research chief bemoans yet another round of Westminster upheaval, heralding more unwelcome uncertainty for the housing market.

Sales activity has dipped again.

It's 'a stand-off rather than a slump' in prime regional markets, says Garrington, as it advises buyers that parts of London are 'starting to look good value again.'

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'Decisive buyers are dominating,' says Peter Wetherell, following a five-day five-deal run worth nearly £25mn.

Zoopla says leasehold flats 'present an opportunity' for buyers 'who are prepared to do their homework' as reforms hove into view.

Supply is high and rising, but 8% fewer sales were agreed in May this year compared to last.

Wealth manager's data 'challenges the assumption that property is the most dependable route to building wealth'.

Latest data: Under offers are up, but values are down by more than 5% year-on-year and price reductions are running at record levels.

'Homeowners breaking out the champagne in response to the apparently dizzying jump in house price growth should put it back on ice,' says one buying agency boss.

Agency's analysis of five years of £1mn-plus sales data shows why realistic pricing matters more than ever.