House price change turns negative for first time since 2012 as transaction volumes hit 17-year low
Acadata reports average prices across England & Wales are now falling by -1.3% annually, following nearly a year of monthly declines - but a recovery appears to be underway in London's high-value neighbourhoods.
What to read next
Global house price growth slows to weakest level since 2024
Knight Frank's latest index shows annual growth slipped from 2.3% to 1.4% in Q1, but 91% of the 55 markets tracked were still in positive territory.
Industry Reactions: UK transaction volumes slip amid ‘weaker than normal’ demand
Analysts and insiders weigh in as HMRC records 96,710 resi deals in July, down 2% on June and 1% year-on-year. Featuring reactions from Knight Frank, Blick Rothenberg, OnTheMarket, Zoopla & more...
House price optimism gets a reality check
Fewer than a third of consumers now expect prices to rise over the next 12 months, down from more than half last year, according to latest OnTheMarket poll.
Most read
Tycoon weighing UK exit looks to offload luxury PCL properties
£18mn-plus Knightsbridge flat goes up for sale, along with other homes in Mayfair, Kensington and Chelsea, as entrepreneur says ‘there’s just no point in being here’.
£33k-a-week Mayfair mansion leads run of blockbuster London rental deals
Mount Street and One Hyde Park mega-lets mark five-year highs as capital's luxury rental supply shrinks.
Broker lands stellar £18mn instruction in SW London
Grade I-listed Richmond observatory - now a super-prime residence - was originally built for George III to watch the transit of Venus.
The £100k Mistake: A top buying agent on what prime property buyers need to know about AI
The real value of a good advisor is in judgement & knowledge of things beyond data, says Property Vision's Rob Fanshawe.
Strutt & Parker broker ranks hit double figures
Seasoned St John’s Wood agent becomes tenth member of recently launched brokerage division as heritage firm targets further Prime London expansion.
£11.8bn development wave to reshape West Kensington’s market
New research makes the case for a West Ken renaissance, as a trio of major development projects look set to redraw the local map - and hike property values.
How super-prime apartments played a key role in London’s £1bn Peninsula
HSH’s accounts reveal just how important the luxury resi element became to the landmark Hyde Park Corner project.
New homes specialist returns to Savills
Resi development sales consultant rejoins after three years with other agencies.
Well-known London agency adds two more self-employed brokers
Olia Sequeira & Victoria Peters sign to the 68-year-old brand.
Industry Panel: How 15 prime resi leaders would redesign England’s property tax system
Exclusive PrimeResi survey finds most respondents favour shifting the tax burden away from transactions and towards property ownership - but opinion is split over abolishing SDLT altogether.
LATEST ARTICLES
Super-prime broker Fatemi reports £700mn deal run
£100mn-plus sale among standout transactions as UK Sotheby's exec flags changing UHNW property tastes.
Former Bidwells & LandTech execs launch AI advisory firm
The new proptech venture wants real estate business to 'make good AI decisions and only build the AI they’ll actually use.'
In Pictures: Inside Christian Bense’s new Park Hyatt show homes
South African designer kicks off series of interiors collaborations at new high-rise addition to London’s luxury branded resi scene.
My Property Career: Quickfire Q&A with The Buying Solution’s Philip Eastwood
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
Knight Frank ‘transforms market standing’ in French Alps
Top-flight agency continues international expansion programme.