Sales

Average property values will be 7% lower at the end of 2024 than at the start of 2023, says major mortgage lender.

Estate agency expects the market 'to finish on a positive note by the end of the year'.

41% fewer property sales were agreed in prime London last week compared to the same week in 2022, according to the latest PrimeResi Data Hub update.

September data from estate agents 'points to a pricing correction despite average house prices continuing to rise'.

'Developers take heed, you will do well focusing on luxury developments for the one-bed singleton market,' advises Jazmin Atkins

Exchanges are running -20% below last year's levels, but there is still a 'substantial and solid core of activity'.

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'The tapestry of data that make up the UK property market is now more a medley of varying trends than a harmonious tune,' says national buying agency.

17,590 properties have sold for more than £1mn in the capital so far this year - which is 21% of all resi transactions.

Every UK region has seen a big increase in new sales listings in the last fortnight compared to the opening weeks of the year.

Those properties which are priced sensibly are attracting buyers within a sensible timeframe, says Jason Tebb, as the portal updates on its latest national sentiment survey.

There has been no change in the average house price in England over the last year, official data shows.