Market Index

'The market is likely to remain turgid until we see inflation brought under control and talk of interest rate rises return to talk of interest rate cuts,' comments one influential pundit.

Another subdued week for agents in the capital, although we did see a bump in new sales supply.

35% of UK homes are in areas that have seen property prices fall over the last 12 months, rising to 85% across London and the South East.

Home movers are 'soldiering on with one arm tied behind their back', says property portal boss, warning: 'there’s only so long people can keep battling against the odds.'

Tenant demand dropped by more than a fifth in September, reports agency.

11 of 14 tracked areas saw a decline in the volume of £2mn+ sales listings.

Rising deal numbers, but still below last year's level.

London & the South East have both seen average property prices fall over the last 12 months - driven by 'large falls' in flat values.

Landlords are still wary of regulatory changes and higher taxes, which is keeping a lid on supply.

London has bucked the national trend this month, posting a 2.5% jump in average asking prices.

Yet the agency's analysis suggests most new first-time buyers are paying more in mortgage payments than they previously paid in rent.

The capital's rental stock has fallen 9% in the last year, while tenant demand has risen 6%.