Market Index

'Buyer sentiment is improving' in the Scottish capital, says Knight Frank, as £1mn+ homes lead on price growth.

The average UK house price in February was just 0.2% lower than in the same month last year. Our panel of estate agents, buying agents and mortgage brokers weigh-in on the latest official data.

Knight Frank’s latest international indices tell of renewed positivity across luxury housing markets.

Average rents in Inner London have nudged up by just 0.4% over the last 12 months, while the national average has climbed 6.7%.

Surveyors report an 'improving outlook' for the housing market.

Sales and rental supply continues to improve across prime London, while agreed sales remain relatively thin on the ground.

Deal numbers jumped but new buyer registrations fell back in February, reports estate agency trade body.

'A shift in market conditions has caused the gap between landlord and tenant expectations to widen,' says Jessica Tomlinson of Savills.

Sales and rental supply continue to build across London's prime postcodes, as fewer deals are agreed but more new instructions come to market.

'The recovery in housing market activity is taking hold despite an uncertain start to the year for mortgage rates,' comments Simon Gammon, Managing Partner at Knight Frank Finance.

The latest Savills indices point to a more positive outlook for top-end property markets in London and the regions, although prices remain sensitive.

The average discount between asking price and agreed purchase price narrowed from 4.5% in November to 3.9% in March 2024.