Market Index
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.'
Industry Reactions: Mortgage approvals held steady in June
The latest Bank of England data 'suggest that buyer and seller confidence remain consistent despite recent political changes,' says OnTheMarket chief Jason Tebb.
Prime London Property Market Snapshot: Week 29, 2024
There has been a bounce in homes going under offer and in new sales instruction following the election, but agreed sales in the capital's prime postcodes remain thin-on-the-ground.
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.