Sales
PCL prices have fallen 5.9% in the last year – JLL
'The implications of stubborn inflation on the UK mortgage market are hampering activity in Prime Central London,' says JLL.
Total value of UK housing market ‘hits £10.7 trillion’
Zoopla flags 'a postcode lottery' across the UK, with a roughly even split between the number of homes seeing values rise and fall.
Cash buyers dominate in Prime Central London as mortgage rates climb
Nearly three-quarters of recent residential property deals in Prime Central London involved cash buyers, according to analysis by Savills.
Global house prices rise at slowest pace since 2015
Knight Frank's latest Global House Price Index slowed to +3.6% in the 12 months to Q1 2023, down from 5.7% in the previous quarter.
Prime London property sales are running 19% lower than last year, and 40% below 2021
At the halfway point of the year, new PrimeResi/LonRes data shows how far the London property market has cooled...
Prime city markets ‘more resilient’ than country houses, says Savills
Prime property prices are falling across the UK, reports Savills, with more rural markets seeing the biggest declines.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Zoopla, Knight Frank, Chestertons, LonRes, Jackson-Stops, Savills & more...
Mortgage approvals ticked up slightly in May – BoE data
'Not as bad as some we may have feared,' says North London estate agent Jeremy Leaf - but Savills warns that June's lending statistics 'will be more telling given the timeline of turbulence in the mortgage…
More high-end vendors opting to sell on the quiet as market slows, reports PCL agency
Tyburn has taken on nearly £70mn worth of 'silent listings' recently, including a number of apartments in some of London's most exclusive new developments.
Tom Bill: Prime London market resilient despite rising mortgage costs
'The economic mood has darkened but the market is far from grinding to a halt,' says Knight Frank's research chief, Tom Bill - although 'the air continued to slowly come out of the prime London property…
Property price cuts on the rise as higher mortgage rates ‘hit buying power by up to 20%’
The average asking price discount has climbed to 3.8%, says Zoopla, as one in six vendors accept offers at least 10% below their initial asking price.