Market Index
Prime London Property Market Snapshot: Week 37, 2023
Deal numbers remain low in prime London, but the number of new listings has improved dramatically in September so far.
London tenant competition ‘not nearly as frenetic as it was in 2022’
Rents remain high as Foxtons reports a seasonal flurry of new rental applicants.
‘Savvy buyers are making some captivating purchasing opportunities, which were simply unheard of 12 months ago’ – Garrington
House prices are 'falling in slow motion', with cash buyers able to seize opportunities, says top buying agency.
Rightmove reports ‘a slower than usual August’
'Many sellers reacted to the summer holiday hiatus by reducing the asking prices of their properties,' says portal.
UK rental price growth hits a decade-long high
'Each passing month has ushered in a new rental market record,' says Aneisha Beveridge, Head of Research at Hamptons, adding:.
Central London rental demand ‘dips’ as Chinese students stay away
“Inquiry levels are strong but not as high as we’ve seen over the last two summers,” said David Mumby, head of prime central London lettings at Knight Frank.
Tom Bill: ‘The light-at-the-end-of-the-tunnel moment has not yet arrived’
Knight Frank's research chief shares insights into the current state of play in the prime London sales market.
Downbeat property market shows ‘little prospect of any turnaround in the immediate future’ – RICS
UK housing market activity metrics 'remain in deeply negative territory,' says the RICS, as property prices fall further.
Average rents set to climb another 5-6% next year, says Zoopla
'The rented sector is stuck in a seemingly endless cycle of low supply and strong demand,' says Zoopla, which 'has kept rental growth in double digits for 18 months in a row.'
Prime London Property Market Snapshot: Week 36, 2023
The latest LonRes data tells of a traditional September flurry of new sales and rental listings in prime London - but the property market still feels sluggish compared to previous years.
‘The gap between seller expectation & market reality is likely to widen further,’ warns London agent
"It seems we have a market of cautious buyers coming up against optimistic sellers, and the gap in their expectations is widening," says a London estate agency after analysing four property market indices.
Housing transactions to slump to lowest level since 2012 – Zoopla
And house price growth has slowed to a "virtual standstill", reports property portal.