Sales

LonRes data shows a sharp increase in price reductions over the last two weeks.

Estate agents are telling Garrington's team that they 'are having to accept vendor-led prices to ‘test the market’ prior to either offering price reductions or accepting a lower offer.'

Prices ticked upwards by 0.3% in the first quarter of the year, the first positive quarterly growth seen since June 2022

Top-end sector continues to slow from its post-pandemic record high, but remains significantly stronger than the pre-pandemic average, reports Savills

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Savills, Rightmove, Garrington, Acadata, Knight Frank, LonRes, Chestertons & more...

Rightmove's 'top of the ladder' market segment - which tracks larger homes for sale - is seeing its strongest start to the year for price growth since 2014.

Agency's latest live-streamed event raised £62mn amid strong demand for high-value lots.

The £5mn-plus market has been the most active prime London sales sector since 2021, reports LonRes.

'Buyer sentiment is improving' in the Scottish capital, says Knight Frank, as £1mn+ homes lead on price growth.

More than 1 in 10 moves in the East and South East of England are made by incoming Londoners, reports Savills.

The average UK house price in February was just 0.2% lower than in the same month last year. Our panel of estate agents, buying agents and mortgage brokers weigh-in on the latest official data.

Fresh LonRes data point to a spike in prime London properties going under offer following the Easter break, coinciding with a sharp increase in price reductions and new instructions.