Sales
PCL’s ‘best-in-class’ homes are still going to sealed bids
Negative sentiment has led to fewer sellers and a lack of supply across most of Prime Central London - and particularly between £5mn and £10mn, reports buying agency.
Annual house price growth at lowest rate in 11 years
Transactions have also slid, and were at their lowest level since the GFC in H1, reports Acadata.
All that glitters is not gold: James Holroyd on navigating London’s new-build property market
"'Buy in haste, repent at leisure' applies throughout the property market – but especially to new builds."
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 Knight Frank, Hamptons, JLL, Benham & Reeves & more...
Edinburgh house price growth turns negative for the first time in over a decade
Knight Frank expects Edinburgh's average property value to drop 10% over the next 18 months.
Sales market ‘continuing to lose ground’ while rentals remain hectic – RICS
July's survey of surveyors yields 'concerning' insights on both sales and lettings markets across the UK.
Speculation around extent of market decline ‘may have been overstated’
The market is showing 'remarkable resilience' in the face of economic headwinds, reports TwentyEA.
Half of homes sold in July had their asking price reduced
Higher mortgage rates "have acted as a wake-up call to sellers who had been on the market for some time, prompting a record share to cut their asking price," says Hamptons.
Prime London sales market slows by less than the rest of the UK
Prime Central London property prices fell 0.9% in the year to July, according to Knight Frank's last index - which was the largest drop since April 2021. Prime Outer London saw a 0.
Savills: On forecasting in an ever-changing property market
One of the property sector's top research teams pulls back the curtain on the tricky business of making market predictions, as they warn of "some further price adjustments to come."
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 JLL, Halifax, Coutts, the Bank of England, Knight Frank, REDD & more...
Prime markets being driven by cash purchasers, needs-based buyers & relocators – Savills
Agency's summer sentiment survey reveals an uplift in 'commitment to move', but there's a widening gap between cash and mortgage buyer motivations.