Sales

Most of the housing stock in this country is woefully unprepared for the changes to come, warns top buying agent.

Mortgage approvals were up 28% year-on-year in December, and the Bank of England thinks 'there is still optimism for further mortgage approval increases in the coming months, if bank rate cuts materialise.

Agreed sales are running 12% up compared to last year, reports property portal.

17% fewer sales have been agreed in the capital's prime postcodes in January this year compared to the same period in 2024.

The number of £5mn+ sales in the capital jumped up by a quarter at the end of 2024, while the combined value of those deals surged by 50%.

Hannah Aykroyd explains how economic trends, political shifts & evolving buyer behaviours are transforming the prime market as we know it.

Savills has assessed prime residential growth prospects in 30 world cities, predicting a slightly slower overall rate of capital value appreciation this year than in 2024.

'It’s clear that buyers were able to secure some great deals last year', reports Investec, as average ­reduction tops £150k.

Transactions are up but many sellers are having to rein-in price expectations.

Your essential five-minute briefing on the latest movements and commentary, featuring data and analysis from Savills, Knight Frank, Zooplankton, Rightmove, Parthenia, Benham & Reeves & more...

Latest figures show declines have ranged from -9.6% in Bayswater to -26.3% in Earls Court since the peak; market now an 'attractive value proposition', says major agency.

'Buyers have a will and a way to buy a property, but not at any cost and they remain price sensitive,' says Garrington.