Market Index
Top-end wobbles but UK property market ‘largely remaining stable’ as election looms – Rightmove
Property portal flags a dip in the number of new sales instructions last month, driven by 'hesitancy' amongst top-end sellers.
‘Confidence in the housing market is beginning to dip’, warns RICS
Sales market activity fell slightly in May, but the consensus amongst property surveyors is that things will pick up again after the election.
Prime London Property Market Snapshot: Week 23, 2024
Buying, selling and renting activity picked up last week, despite the imminent General Election.
Rents rise at slowest rate in 30 months; fall in London
'Rental market dynamics are starting to turn,' says Zoopla, as some UK cities see prices begin to fall.
‘Further realignment’ of asking prices & market expectations ‘is required to keep the market moving’ – Propertymark
Estate agency trade body's latest survey points to rising buyer demand and sales supply, but 'challenges remain'.
Prime London Property Market Snapshot: Week 22, 2024
30% fewer sales were agreed in Week 22 this year than in Week 22 2023, according to the latest LonRes data, while 32% more price reductions were recorded.
Mortgage approvals are up 26% on the year
Mortgage approvals for house purchases are now 'back to 94% of their pre-pandemic level,' notes Savills, despite fresh Bank of England showing a slight month-on-month dip.
Sales listings rise to an eight-year high
Zoopla heralds 'renewed confidence amongst homeowners' as sales supply builds and house price growth nudges upwards.
Bridging lending activity holds steady as interest rates dip
More home-buyers are turning to bridging loans to prevent chain-breaks, while demand from businesses for short-term property funding doubled from Q4 2023 to Q1 2024.
Prime London Property Market Snapshot: Week 21, 2024
Sales supply is accumulating in prime London as deals continue to run slow.
Prime city residential rental growth eases
Prime global rents have jumped up by an average of 26% in the last three years, according to Knight Frank's latest index.
Foxtons reports 12% jump in London rental demand
London's lettings market saw a 'seasonal upturn' in April.