Rightmove raises house price forecast as property market ‘cools from boil to simmer’
Property portal expects the average UK asking price to end 2022 some 7% higher than it started the year.
Another market index tells of slowing buyer demand and less pressure on house prices.
Official data points to a property market slowdown.
"Buyer demand remains high but there are now signs that market is softening," says Zoopla's research chief, as more vendors cut asking prices and deals take longer to materialise
Companies in this articleRightmove
Johns&Co adds new offices and a flagship HQ in 'pivotal' year.
New legislation is in the works that will require owners to secure change of use consent for short-term rental properties in England.
'Landmark' 50-storey tower at Bankside Yards is the tallest new resi structure currently under development in PCL.
IN PICTURES: 'Pearl of neoclassicism' sparked unprecedented global interest, reports brokerage.
Louna Del Barrio has joined the agency after four years at John D Wood.
In Conversation: Middleton Advisors’ Mark Parkinson & Tom Hudson on the latest buyer trends & the legacy of the GFC
PrimeResi meets the co-founders of prime property agency Middleton Advisors to discuss how the events of 15 years ago 'broke the natural market rhythms', and why recent changes in the industry are making…
Prime Central London boroughs Westminster and Kensington & Chelsea saw property values fall sharply through 2023, but six London boroughs bucked the trend to record price growth through the year...
'Visionary' project in East Sussex is being masterminded by two former Greenpeace directors.
'Bricks and mortar has remained one of the most consistent investments one can make down the years and the long-term returns speak for themselves,' says Foxtons' boss.
'Sensational' double-fronted residence near Harrods was created by one of London's top luxury developers.
In Pictures: Daniel Baliti and Jeremy Spencer's firm has secured planning consent for a significant resi-led scheme, located between The Whiteley and Park Modern in W2.
An expanded collaboration with Malmö-based agency Croisette gives Knight Frank a 'comprehensive approach to real estate' in Sweden, Iceland, Denmark and Finland.
Despite joining the Euro and Schengen zone, Croatia's property market saw a decline in both international and domestic buyer demand last year
By Ivan Varat
'We expect house prices to fall between 2% and 4% this year,' says Britain’s biggest mortgage lender.