Forecasts

Another influential team of analysts expects a sharp downturn for Britain's property market, with London house prices likely to fall 15%.

"Winds of change" are blowing through the housing market, says Hamptons, as the estate agency predicts 15

London estate agency Benham & Reeves expects house prices to rise by another 5% before the end of the year.

Prime Central London will “continue to outperform” the wider London and national UK property markets, says Capital Economics, as it issues another set of downbeat forecasts.

"The change in economic headwinds is starting to be reflected in seller confidence," says OnTheMarket.

Strutt & Parker now expects PCL property prices to end this year 2-5% higher than they started it, having predicted 5-10% growth through 2022 just a few months ago

"A lot has changed in global property markets since we issued our last global prime residential forecast in December 2021," says Knight Frank

Escalating costs of living and inflationary pressure are likely to slow the pace of prime rental price growth down in the coming months, says Savills - but the firm has still upgraded its five-year price…

Economists question the Bank’s latest forecasts while the direction of travel for mortgage costs is less open to debate, writes Knight Frank's head of UK residential research.

Prime Central London's property market recovery is taking longer than expected, says Savills, as it downgrades its forecast for this year

Today's rate rise is the biggest increase in 27 years, and comes as the BoE warns that the UK will be in a long recession by the end of this year.

After a frantic first half, Tim Hyatt reviews the state of play in the prime sales, lettings and new homes markets - and looks at how the next six months could unfold…