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Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Propertymark, Knight Frank, Hamptons International, Savills & more…
Developers under pressure to deliver as new-build reservations soar
Regional reservations were up 41% on pre-pandemic levels in the first few months of this year, but housebuilders are having a hard time keeping up with the demand
70 years of house price growth: How property prices have shifted since Elizabeth II was crowned
The Queen was crowned on 6th February 1952, when an average home cost just under £2,000. This is the equivalent of £56,000 in today’s money, and amounts to house price growth averaging 2.
Mortgage lending drops below pre-pandemic levels
Net mortgage borrowing and mortgage approval numbers are both now below their 12-month pre-pandemic averages, says the Bank of England.
House price growth to slow, but ‘risks of a correction have been overstated’ – Savills
Savills has upgraded its mainstream market forecasts for this year, predicting 7.5% growth through 2022 and 12.9% over the five years to the end of 2026.
‘Vicious circle of low supply breaks’ as more homes come to market
The number of new property listings jumped by nearly a fifth between January and April, reports Knight Frank - with rural areas leading the charge.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest market movements and commentary in less than five minutes, featuring data and analysis from Knight Frank, Winkworth, Zoopla, Glentree & more…
Zoopla predicts UK house price growth to slow to 3% by the year’s end
"Buyer demand remains high but there are now signs that market is softening," says Zoopla's research chief, as more vendors cut asking prices and deals take longer to materialise.
Talking Heads: Chelsea in bloom as buyers & tenants put down roots
As Chelsea basks in the spotlight of the world's most famous flower show, local agents explain why the area has returned to the top of the wish list for many prime buyers...
Abrahmsohn: On economics, the market & the (secret) £400mn buyer
There is a bizarre disjunction between the economic outlook and the gymnastics of the market, writes veteran agent Trevor Abrahmsohn - but property values will continue to rise until supply and demand…
‘The descent to a soft landing may have just begun’ – Garrington
"Despite market conditions remaining brisk over the last month, a shadow of uncertainty has been cast across the market by downbeat economic forecasts and data published over recent weeks," says national…
Cash buyers drive property price growth in a third of London boroughs
Mortgage broker Henry Dannell has flagged a surprising trend in many parts of the capital...