Market Index
More than half of homes sold in September had their asking price reduced
'With some sellers still holding out for last year’s prices, it’s the number of homes changing hands rather than their price that’s bearing the brunt of the slowdown,' says Hamptons.
Rents climb further as 25 tenants chase each property
'We’ve been really feeling the pressure of having to manage the mounting number of enquiries for each rental property we have available,' complains one letting agent.
Prime London property ‘remains more robust’ than mainstream markets
But top-end buyers' price expectations are still 'markedly lower' than sellers' across prime London, says Savills.
Prime London Property Market Snapshot: Week 39, 2023
Far fewer deals are taking place in prime London than at this time last year.
‘Prime markets furthest from London are holding up the strongest,’ says Savills
Scotland is now the UK's 'top performing' prime property market.
Mortgage approvals dipped further in August – BoE
August saw net mortgage approvals for house purchases fall to the lowest level since February.
Global house prices tick up as interest rates look peaky
'The rapid approach of peak rates is coinciding with a modest improvement in housing market conditions in some key global markets,' says Knight Frank.
Asking price discounts climb to highest level since 2019 – Zoopla
House prices have fallen annually for the first time in a decade, according to the latest index from property portal Zoopla, as sales supply improves and a 'buyers' market' continues.
Prime London Property Market Snapshot: Week 38, 2023
The latest weekly data from LonRes shows a continuing spike in asking price reductions across both sales and rental markets.
‘The sales market is strong,’ says Propertymark as new listings jump 29%
Monthly survey of UK estate agencies shows a bounce in market activity through August.
Buyer demand slips in prime London
Benham and Reeves highlights a much cooler property market in the capital, although there were several bright spots of prime buying activity in Q3.
Industry Reactions: Property price growth slowed further in July – UK HPI
A 0.5% monthly increase took the annual rate of change down to just +0.6% in July, according to the latest official house price index.