Market Index

Buyer demand and sales activity 'struggle to gain momentum,' says the RICS.

A third fewer sales were agreed across the capital's prime postcodes last week Vs the same seven day period last year.

Rental price growth is 'stronger in markets most impacted by the Renters’ Rights Act,' says Savills, and much lower for the highest-value properties.

Some PCL areas saw big increases in the number of homes available to buy in Q2, while others saw supply tighten.

Latest LonRes data shows a weekly spike in newly-agreed sales and rentals, but activity was below last year's level.

Looks like we're back in the deal doldrums.

'We expect the market to remain relatively subdued through the rest of the summer,' says Savills after looking at the latest Bank of England data.

Property data firm says Q2 numbers 'demonstrate the market remains resilient despite a challenging backdrop.'

Latest official data shows the national annual rate of property price inflation fell sharply in May. 'The market is holding steady rather than collapsing,' comments one London estate agent.

Sales activity has slowed again.

'Buyers have plenty of choice and sellers are having to work harder to stand out and attract them,' says portal.

Many are reviewing rental values and adjusting portfolios in response to growing regulatory, tax and borrowing pressures, says agency.