Sales

Property portal OnTheMarket is expecting the market to become less competitive as we head deeper into autumn, although there's no sign of a significant drop-off in buyer and seller sentiment just yet.

Knight Frank conducted 16% fewer country house viewings last month than in a typical August, but accepted 33% more offers.

Sellers will need to become 'much more realistic' in the short-term, warns agency.

Last month's step-up in the pace of property price inflation "tells us more about how a stamp duty holiday can alter the course of the housing market than where prices are headed next," suggests Knight…

'A short-term boost appears likely from a government already in pre-election giveaway mode,' writes Knight Frank's Tom Bill.

Analysis of Zoopla data by money.co.uk shows that April and May are the best months to market a property for sale.

More than 95% of new mortgages agreements are on fixed-rate terms.

'With home prices at or near peak levels in many luxury markets, high-end buyers around the globe are discovering markets where they wield more buying power,' reports Christie's International Real Estate.

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A house price correction of between 10% and 20% looks increasingly likely, writes Colin Jones, Professor of Real Estate at Heriot-Watt University.

A busy summer of high-end dealmaking points to a strong sales season through to November at least.

Surveyors have reported the steepest decline in home-buyer enquiries since the early days of the pandemic.