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Monday Market Review: Key figures and findings from the last seven days (w/c 18.07.22)
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Foxtons, Rightmove, HMRC, TwentyCi, Zoopla & more…
UK property market ‘defying all odds’ as more households gear up to move
Perhaps this is the new normal, suggests TwentyCi…
Property market moves ‘back to normal’ as Summer heat cools – Propertymark
Another market index tells of slowing buyer demand and less pressure on house prices.
Transaction numbers tumble from last year’s high
HMRC recorded 55% fewer residential property sales in June this year compared to last; it's the slowest June in nine years.
Vendors are now achieving 99.4% of asking price, on average
More property sellers are getting closer to their asking price now than last year, with 41% of postcodes seeing the average deal being done at or above asking.
Talking Heads: How fast will the property market slow?
"There is no doubt that there is a cool breeze blowing in the London market,” says Roarie Scarisbrick of buying agency Property Vision - but the consensus amongst 21 prime property pundits canvassed…
Annual house price growth climbs to +12.8% – UK HPI
The latest official house price index tells of a 1.2% monthly increase for the average UK home in May, up from a 0.4% rise in the same period last year.
Mapped: Areas with the highest (& lowest) daily property price growth since the start of the pandemic
Zoopla estimates that the average UK home has seen its value climb by £48 every day since March 2020 - but some areas have seen significantly higher growth of up £106, while the value of many London…
Five graphs that show what’s really happening in the London lettings market in 2022
Foxtons gets to grips with the supply/demand imbalance that’s driving rents skywards.
Prime country house price growth cools sharply as supply improves
Britain's country house market "is normalising" after a two-year pandemic-driven boom, suggests Knight Frank as price growth peaks.
Buyers & sellers ‘remain confident’ about housing market prospects
We're in a "new normal" property market, says OnTheMarket - "an elevated version of the pre-pandemic market."
Five hot trends in the London property market right now, according to a buying agent
Stacks' Sara Ransom on what's hot - and what's not - in the post-Brexit, post-Covid world.