Property market ‘is not slowing as fast as some might expect’ – Zoopla
Property portal predicts house price growth will slow to 5% by the end of this year, but buyer demand remains high in the face of rising interest rates and costs of living.
“A lack of homes for sale rather than a lack of desire from buyers is what is dictating the pace of the market,” says Rightmove, as the UK’s average asking price rises 2.1% in a month.
"Unless high net worth foreign investors return in their pre-pandemic numbers, we can expect the market to continue to recover at a slow and steady pace, rather than with a sharp uptick," says Savills
Another market index tells of slowing buyer demand and less pressure on house prices.
Companies in this articleZoopla
22 Park Street is currently set up as offices, but proposals are in play to return the red-brick townhouse in the heart of Mayfair village to private residential use.
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The revamp of an unmod period piece in Upper Feilde, previously in the same hands for half a century, has set a new benchmark for the well-regarded building on Park Street.
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Sean Ellis was previously Executive Director of housebuilding giant Berkeley Group.
Planning reform is once again causing headaches for a Prime Minister.