Sales

Recent tax changes have driven further price declines in the capital's most exclusive neighbourhoods, Savills reports.

'We have seen unprecedented demand throughout March,' reports law firm Taylor Rose.

'A minor slip in mortgage approvals in February adds weight to the narrative that the housing market recovery has lost some momentum,' says Lucian Cook of Savills

The spring statement contained no nasty surprises for the property sector, but it failed to address concerns about the government’s tight financial headroom, explains Knight Frank's head of UK resi research.

Your essential five-minute briefing on the latest market movements & commentary, featuring data and analysis from Knight Frank, HMRC, JLL, Zoopla, Savills, Chestertons & more...

February's volumes were up by around a quarter on the same month last year, latest HMRC data shows.

Official data suggest property price growth has been steadily gathering pace since bottoming-out at the end of 2023.

The latest Zoopla house price index confirms we're in a buyers' market.

A run of sales activity in the last seven days means Q1 is ending on a relative high.

'2024 ended with a bang for super-prime markets,' says Knight Frank, but tax speculation dampened London's top-end.

Hopes of a surge in confidence have given way to a market still finding its footing, with billions quietly leaving the city and sentiment shifting faster than even the most seasoned observers expected…

A clearer picture around tax & inflation may help to underpin demand, explains the agency's UK resi research boss Tom Bill.