Sales

Average UK house prices are likely to fall 2% this year and 0.4% in 2025, says the Office for Budget Responsibility, with a return to positive growth slated for 2026.

Reports of a big deal surge at the top-end of the London property market bely a quiet picture across the capital's prime postcodes.

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'Obviously we are mainly a buying agent but in the last week we have taken five enquiries from former clients who are considering selling'

40% more home purchase mortgages were approved in January this year than in January 2023.

Zoopla's latest analysis tells of 'greater buyer confidence and more realism on pricing by sellers' - leading to more activity in the housing market.

13% fewer sales were recorded across prime London’s postcodes in the first two months of this year than in the same eight-week period last year.

Rate cut expectations have softened since early January, but a seasonal spring bounce is taking shape, explains Knight Frank's resi research boss.

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Buying agency reports 'a healthy volume of off-market property that will be launched in spring, if not sold beforehand'.

'We expect house prices to fall between 2% and 4% this year,' says Britain’s biggest mortgage lender.

It's still quiet out there, but deal numbers have picked up in prime London in the last week.