Sales

'Rate cutting is supporting rising house prices globally,' says Knight Frank, as three-quarters of international property markets saw average property values increase in Q2.

Zoopla's latest index tells of a sharp rise in home-buyer demand, pushing house price growth into positive territory.

Listings in the PCL neighbourhood are taking an average of 135 days to find a buyer, new Rightmove analysis shows.

'Interest rates simply haven’t fallen as quickly as many buyers may have hoped, so there remains a sense of buyer hesitation across the market,' says GetAgent after trawling Rightmove data.

More new instructions and more homes going under offer than at this time last year, but fewer sales being agreed and more price reductions...

Offer levels during the last three months were down by over a quarter on the five-year average, reports Knight Frank; average prices are now 7.4% below their last peak in Q2 2022.

Bank of England data show an increase in mortgage approvals, remortgaging activity, and in net borrowing.

"Prospective tax changes in the impending budget have caused buyers to become more cautious in the prime housing markets, offsetting the benefit of lower interest rates," says Savills.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from LonRes, Foxtons, Henley & Partners, Savills, Knight Frank & more...

Major estate agency reports some positive signs, but still some way to go before there's a full return to pre-2022 health.

Initial numbers provide some food for thought ahead of the Budget.

'Keir Starmer’s promises to target wealth as a way of increasing funding for public services is likely a major reason for a decline in demand in London’s prime market,' suggest Benham and Reeves boss…