Sales

As you'd expect, London's prime property market was quiet in that last week of the Summer Holidays.

'The new government has inherited a very large ‘to-do’ list with urgent interventions required in several policy areas,' comments Propertymark after checking sales and lettings market activity in July.

Thomas Moran & Ruth Morris examine whether the UK capital's appeal as a high-end hotspot is really under threat from other European hubs.

The latest figures show annual house price growth and transaction volumes are rising, which don’t indicate the economy is ailing, notes Knight Frank's UK resi research boss.

Get back up to speed with the key talking points in prime property over the last few weeks, from the post-election bounce to the pre-Budget blues; the hottest PCL districts to the top-end lettings boom...

The number of homes listed for sale on Rightmove jumped 23% in the first two weeks of August.

Cash buyers had the advantage as rates increased 14 times between November 2021 and August 2023, but the tempo in resi markets is largely set by leveraged buyers, notes Knight Frank.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Knight Frank, Rightmove, Nationwide, Hamptons, HMRC, Foxtons, TwentyCi & more...

Mortgage lending has hit the highest level since November 2022.

A home near one of London's main green spaces sells for an average of 53% more than the wider borough average, suggests research by Foxtons.

'As we enter the autumn market, many of the properties launching online are those which have been quietly marketed during the spring and summer months and have failed to sell,' says Eccord boss Jo Eccles.

Knight Frank's latest Prime Global Cities Index came in at +2.6% in Q2 - down from +4.1% in Q1, and under half the five-year average annual growth rate.