Market Index
Prime London Property Market Snapshot: Week 32, 2024
A third fewer sales were agreed across London's prime postcodes last week compared to the same period last year, but more homes went under offer, and a relative flurry of new instructions hit the market.
Home-buyers turn to short-term finance to save sales chains
Growth in bridging loans 'seems to be fuelled by the urgent need to prevent chain breaks in property transactions,' say lenders.
Property lawyers dwindle as transactions tumble
Real estate lawyers have seen their caseloads fall by a fifth in last year, according to Search Acumen.
Larger homes see pace of rental growth ease
London's average monthly rent bill has risen by 3% in the last 12 months, while Northern regions have seen three-times that growth.
Property market got ‘a bit sunnier in July’ – RICS
Surveyors are feeling more positive about the sales market than at any time since January 2020.
Prime London Property Market Snapshot: Week 31, 2024
The latest LonRes data suggests buying activity bounced back last week.
Rental demand continues to outpace supply
'Supply and demand remains imbalanced,' says Propertymark, as letting agents report rising tenant registrations alongside a slight decline in new rental instructions.
Sales market activity slides as Summer starts
Propertymark's latest survey, covering June, suggests a seasonal decline in agreed sales as both buyer demand and supply fall.
Prime global cities on track for 1.3% house price growth this year
60% of the 30 cities analysed in the Savills Prime Residential World Cities index saw positive capital growth through the first half of 2024, "reflecting a level of relative confidence in the asset class.
Discounts shrink on prime London property as transactions rise
There are still 'good deals to be had' in prime London, says Coutts Bank, as demand, supply & prices climb.
Prime London Property Market Snapshot: Week 30, 2024
New LonRes data tells us that 23% fewer sales were agreed last week than in the previous seven days, and 26% fewer than in the same week last year.
House prices ‘on track for a 2% increase’ this year as sales activity picks up – Zoopla
Property portal expects 'a positive second half of the year for market activity more than house prices.'