Market Index

Bank of England data show a decline in mortgage approvals as 2024 drew to a close.

'It remains a buyer’s market and signs of increased caution amongst home buyers will keep UK house price growth in check over 2025,' says Zoopla.

'Steady demand & rising supply' are shaping the capital's lettings market, says agency.

The average UK house price increased by 3.2% in the last year, while London's average has remained nearly static.

An unseasonable jump in properties going under offer.

'After an unprecedented four-year boom, rental growth for newly let properties has slowed to a crawl,' says Hamptons' research chief.

Asking prices dipped 1.7% in the last month, but buying activity 'remains strong' compared to last year.

Surveyors noted 'a steady improvement in buyer demand across the residential market' in November - but warn 'the broader macro environment is likely to pose additional headwinds moving forward.'

Zoopla predicts average rents will increase by another 4% through 2025.

Deal numbers are falling sharply as the year comes to a close.

'The sales market is set to see a trend unlike those historically seen across the winter months,' says Propertymark.

5% fewer sales were agreed across the capital's prime postcodes in Week 48 2024 than in Week 47, and 6% fewer than in the same seven day period last year