Sales

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.

Market metrics continue to point to a slowing market, with 18% fewer sales agreed in prime London so far this year compared to last, and 26% fewer than in 2021.

US purchasers are now behind one in ten exchanges in W8, reports Knight Frank.

The number of properties going under offer last month was down by over a quarter on last year's levels, which 'could impact on the outlook for the last three months of the year', warns LonRes.