Market Index

LonRes recorded 16% fewer Agreed Sales last week  than in the same seven day period last year.

JLL analysis suggests £743mn-worth of PCL property changed hands in Q1 - significantly below the previous two-year Q1 average of over £1bn.

'Prime residential property has pulled away from the broader housing sector' in many global markets, says Knight Frank, but the UK capital has dropped to 93rd place on the firm's annual PIRI 100 index.

Read on for industry commentary & reactions to the latest official national house price data.

Lettings supply is tightening as the Renters' Rights Act hoves into view.

25% fewer sales were agreed in the first 16 weeks of 2026 compared with the same period last year, while 1% fewer properties were listed for sale.

'Increased mortgage rates & stiff competition to find a buyer are limiting new seller asking price growth this spring,' says property portal.

Hamptons says last year's rental price declines 'have already been wiped out' as the lettings sector prepares for major legislative changes next month.

Rightmove says its latest data points to a 'cautious & considered' approach by landlords to big rental rule changes on 1st May.

The year's big activity trends continued through Easter, with fresh LonRes numbers revealing subdued sales alongside a busy rental market.

Q1 saw a slight increase in the proportion of open-market £2mn+ property listings that had already secured a buyer.

'The optimism seen earlier in the year has largely faded,' says the RICS, as resi market activity slows.