‘Medium term expectations for house prices and private rents have barely been dented by Covid’ – RICS

Property prices may prove "resilient" in the face of rising interest rates and costs of living, but transaction numbers are "likely to slow as the year wears on," warn surveyors.

CBRE's eighth annual "borough-by-borough" research report tracks property market, demographic and lifestyle trends across the capital.

"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.