Market Index

"Prospective tax changes in the impending budget have caused buyers to become more cautious in the prime housing markets, offsetting the benefit of lower interest rates," says Savills.

'Keir Starmer’s promises to target wealth as a way of increasing funding for public services is likely a major reason for a decline in demand in London’s prime market,' suggest Benham and Reeves boss…

Fewer sales were agreed last week in prime London, but there's been a steep rise in the number of homes going Under Offer.

Property industry reactions to the latest UK House Price Index, featuring insights from Chestertons, Foxtons, Fine & Country, Propertymark, SPF Private Clients and more.

A flurry of price cuts in the capital's high-value property markets.

Asking prices have jumped up by twice as mush as the long-run average for this time of year.

The pace of annual rental growth across the UK has eased from +12% in August last year to +5% last month, but Hamptons points to some pronounced regional differences.

The pace of rental growth is easing, but a continued lack of supply is a major issue.

Demand, supply, prices & deal numbers all increased in August, says the Royal Institute of Chartered Surveyors.

As you'd expect, London's prime property market was quiet in that last week of the Summer Holidays.

'The new government has inherited a very large ‘to-do’ list with urgent interventions required in several policy areas,' comments Propertymark after checking sales and lettings market activity in July.

Mortgage lending has hit the highest level since November 2022.