Sales

Black Brick has picked Mayfair, St John's Wood, North Ken, Acton and Herne Hill as its five locations to watch in the year ahead. Here's why...

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Savills, Benham & Reeves, Rightmove, Knight Frank, the BoE & more...

Rightmove has highlighted which areas saw the biggest surges in property asking prices through 2022, as the portal predicts a sharp slowdown in the year ahead.

A drop in demand for prime property is 'hardly surprising', says the boss of estate agency Benham and Reeves - but the very top-end of the London market appears buoyant in the face of an economic downturn.

'The pandemic-inspired property boom is being brought well and truly back down to earth,' says GetAgent after assessing the proportion of homes listed for sale that have already found a buyer.

Fewer house purchase mortgages were approved in November 2022, as interest rates climbed.

'We’ve seen some promising activity and familiar patterns over the festive period this year, which are good signs for the year ahead,' says property portal.

'It seems Christmas is no reason to slow down at the top end of the PCL market', reports LonRes MD.

Knight Frank brought in 50% more Scottish country house sales instructions in November compared the five-year average.

Ultra-wealthy Americans spent a record amount on luxury PCL homes in 2022, and are tipped to continue dominating the super-prime property market in the year ahead.

Prime Central London's property market is looking resilient in the face of the economic downturn, says Savills.

Knight Frank saw a sharp drop in offers bing made on prime London properties towards the end of 2022 - but offers accepted and exchanges were well up on previous years.