Market Index

Surveyors are feeling more positive about the sales market than at any time since January 2020.

The latest LonRes data suggests buying activity bounced back last week.

'Supply and demand remains imbalanced,' says Propertymark, as letting agents report rising tenant registrations alongside a slight decline in new rental instructions.

Propertymark's latest survey, covering June, suggests a seasonal decline in agreed sales as both buyer demand and supply fall.

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.

There are still 'good deals to be had' in prime London, says Coutts Bank, as demand, supply & prices climb.

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.

Property portal expects 'a positive second half of the year for market activity more than house prices.'

The latest Bank of England data 'suggest that buyer and seller confidence remain consistent despite recent political changes,' says OnTheMarket chief Jason Tebb.

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.

Asking rents have hit another record high, as each lettings listing receives an average of 17 enquiries.

Investors are shying away from buy-to-let, says Hamptons, reducing lettings supply and pushing up rental prices.