Sales

Those buying in US dollars can get much more bang for their buck this year - especially in London's most expensive neighbourhoods...

Agency now expects prices in the UK to fall by 5% next year and in 2024, wiping out the growth that took place during the second half of the pandemic.

'We sense increased downward pressure on both prices and activity in the year ahead' for mainstream property markets, says JLL's research chief - 'but we don’t think this is necessarily the path the p…

Demand for £2mn+ homes in London continued to climb in Q3, according to analysis of property portal data, while a lower proportion of open-market £10mn+ properties are finding buyers than last year.

A lower proportion of property listings were marked as sold in Q3 this year than last, reports GetAgent - with Bristol and London the only places to see an increase.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Savills, Rightmove, Knight Frank, Propertymark, Zoopla, Search Acumen & more…

'The number of properties available to buy is recovering from the mad dash we had before,' says Propertymark boss Nathan Emerson.

Higher mortgage rates are reducing home-buying power by "as much as 28%", warns property portal.

Economists expect interest rates to spike and house sales to tumble - meaning the last year's worth of aggressive property price growth could be rolled back.

Rising mortgage rates are "driving homeowners to sell now rather than wait until 2023," says Jackson-Stops, noting that this is "boosting housing stock across the country and in turn, helping to balance…

Neighbourhoods with the greatest international appeal are likely to outgun mainstream UK markets for the foreseeable future.

"The days of London being the default location of choice for high-value house purchases are increasingly behind us," says Search Acumen boss Andy Sommerville, "as big spending homebuyers look to invest …