Market Index
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.
Prime London Property Market Snapshot: Week 23, 2024
Buying, selling and renting activity picked up last week, despite the imminent General Election.
Rents rise at slowest rate in 30 months; fall in London
'Rental market dynamics are starting to turn,' says Zoopla, as some UK cities see prices begin to fall.
‘Further realignment’ of asking prices & market expectations ‘is required to keep the market moving’ – Propertymark
Estate agency trade body's latest survey points to rising buyer demand and sales supply, but 'challenges remain'.