Home-buyer demand has fallen by 50% as the race for space ‘runs out of steam’

"A widespread repricing of housing underway," says Zoopla, as buyer demand sinks and more vendors cut asking prices.

Property prices dipped in PCL in Q2, reports JLL - but the estate agency has seen a sharp rise in potential buyers registering with its central London offices.

"It is little surprise that housing market activity is now losing some momentum," says the RICS - but most surveyors "still anticipate prices will be modestly higher than current levels in a year’s time.