Market Index
Rental market ‘remains out of balance and difficult for tenants’ – Rightmove
Asking rents have hit another record high, as each lettings listing receives an average of 17 enquiries.
Buy-to-let purchases sink to a record low
Investors are shying away from buy-to-let, says Hamptons, reducing lettings supply and pushing up rental prices.
‘Resilience’ abounds as prime property agents anticipate a buoyant Autumn market
Property prices across Prime Central London remain -19% down on their previous peak a decade ago, says Savills, 'suggesting it is still a case of when, and not if, a stronger recovery takes hold.'
London rents hold steady as ‘peak lettings season begins in earnest’
Tenant demand has jumped 15% in the last month, reoports Foxtons, but remains lower than at this time last year.
UK HPI: House prices increased by 2.2% in the year to May
London property values have increased for the first time on an annual basis since May 2023.
Prime London Property Market Snapshot: Week 28, 2024
Things continue to be relatively quiet in Prime Central London, with less home-buying and selling activity taking place in Week 28 2024 compared to the same seven day period in previous years.
Agency reports ‘record’ super-prime spending in Prime Central London as property market stays ‘surprisingly robust’
Wealthy buyers bought a record £439mn-worth of £10mn+ homes in the first half of this year, reports JLL, contradicting some rival market reports.
Housebuilders back mandatory local housing targets as land values flatline
Prime Central London land pricing has "proven more resilient" than regional sites across England, says Knight Frank.
Political certainty & a potential interest rate drop ‘bode well for Autumn market’
Rightmove heralds rising transactions as house prices 'remain stable overall' - despite 'more diversions than normal at this time of year.'
Prime buyer demand ‘creeps up’ in London
Almost one in five Rightmove listings priced between £2mn and £10mn had found a buyer in Q2.
Prime rental market ‘falls back to pre-pandemic patterns’
Rents are still rising in London and the regions, but Savills warns of 'misalignment' between tenant and landlord expectations.
RICS heralds ‘post-election bounce’ for housing market
Surveyors 'have confidence in the newly elected Labour government,' concludes the Royal Institute as housing market optimism builds.