Sales

Property markets "tend to follow a predictable sequence in downturns," says Capital Economics - and the pattern has already started in the UK and USA.

"We’ve seen a real mark of intent from high-end buyers" in prime London, says estate agency boss, as demand climbs after slow start to the year.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Bricks & Logic, Propertymark, Chestertons, OnTheMarket, Knight Frank & more…

Charlie Woods, head of the lettings department at longstanding RBKC agency Russell Simpson, reflects on the turmoil of the last two years, and predicts where the prime rental market is headed next……

“House price growth is peaking as supply rebuilds and mortgage rates normalise," says Knight Frank's research chief, Tom Bill.

GetAgent reckons some areas are seeing one in every five new property listings find a buyer within a fortnight.

Estate agents "continue to report a strong, stable market," says Propertymark, with 78% of sales being agreed above asking price.

’Unsatisfied demand’ is putting further pressure on prices, reports Chestertons, after another big month for buyer enquiries

Average house prices across the EU-27 have increased by 39% since 2016, while the UK has seen 31% growth.

Official data - which comes with a time lag - tells of a continuing property market boom.

An inevitable rebalancing of supply and demand "will take time", says property portal. Until then, "the ‘new normal’, an elevated version of the pre-pandemic market continues."

Latest analysis by LCP and Bricks & Logic shows effect of overseas demand beginning to return to London; is a narrowing of the price gap between apartments and houses around the corner?