Sales

Auctions have seen a surge in popularity over the last few years, with an increasing number of prime properties going under the hammer.

The latest Bank of England data show a slight drop in mortgage approvals.

Surging house price inflation has pushed 4.3 million homes into a higher stamp duty bracket since the start of the pandemic, estimates Zoopla.

“With the market as competitive as it is, motivated buyers can ill afford to reduce budgets, despite rises to mortgage rates and household bills," says Savills.

Rightmove charts which UK cities have seen the biggest leaps in average asking prices in the last 12 months.

Influential forecasting house expects average property values to drop by 5% overall through 2023 and 2024.

Estate agencies sold an average of 46 properties in 2021 - seven more than in the previous year.

Renewed appetite for apartments may tempt some reluctant sellers to list their properties, suggests LCP

Where is all the stock; what will happen to prices; and which areas are buyers flocking to right now?

Corporate relocation searches were up by 150% in Q1, according to Winkworth, in a 'positive sign' for the sales market

"Buyers are still predominantly paying asking price and above meaning the ball is still firmly in the seller’s court," says Propertymark in its latest monthly market update.

Catch up on all the latest market movements in less than five minutes, featuring data and analysis from LonRes, Hamptons International, LCP, Savills, Knight Frank & Rightmove