Market Index
Rightmove warns ‘120,000 rental homes needed for normal price growth’ as rents climb to another record high
Property portal calls for government interventions to help narrow the gap between rental supply and demand.
Prime London Property Market Snapshot: Week 26, 2024
While still quieter than in previous years, buying and selling activity in the capital's prime postcodes does not seem to have been massively affected by the imminent General Election.
Election build-up puts prime property price growth ‘on pause’, but buyer demand ‘remains resilient’
'Despite the short odds on a change in government and continued market activity, the general election has resulted in a degree of caution' in the property market, says Savills.
Mortgage lending drops, but remains higher than last year
Slightly fewer new mortgages were approved in May than in April, but substantially more than at the same time last year.
UK house prices are ‘currently 8% over-valued’ – Zoopla
Property prices are likely to morph from "over-valued" to "fair value" by the end of the year, says property portal, despite an anticipated 1.5% increase in average prices.
Prime London Property Market Snapshot: Week 25, 2024
Deal numbers have dwindled further in the capital's prime postcodes.
London’s rental market becomes ‘more balanced’ as supply rises – Foxtons
Rising supply relative to demand comes as 'a welcome relief to renters, landlords and agents alike', says estate agency.
Industry Reactions: Official data shows property prices ticked up in April
The latest UK HPI suggests the national average sold price increased by 0.3% from March to April, taking the annual change to +1.1%.
Prime London Property Market Snapshot: Week 24, 2024
Buying and selling activity has fallen sharply across prime London as the election looms.
‘Rental growth seems to be stabilising’ – Hamptons
May was the third consecutive month to see annual rental growth of around 6%.
Top-end wobbles but UK property market ‘largely remaining stable’ as election looms – Rightmove
Property portal flags a dip in the number of new sales instructions last month, driven by 'hesitancy' amongst top-end sellers.
‘Confidence in the housing market is beginning to dip’, warns RICS
Sales market activity fell slightly in May, but the consensus amongst property surveyors is that things will pick up again after the election.