Market Index
Prime London Property Market Snapshot: Week 45, 2023
47% fewer property sales were agreed in prime London last week compared to the same week last year, according to the latest LonRes/PrimeResi market data.
‘There seems to be no rush for many potential buyers & sellers’: Transactions & prices slide in Prime London’s ‘subdued’ sales market
Average values across the prime postcodes are now roughly in line with early-2014 levels, reports LonRes.
2023 was ‘better than expected’ for the property market, says Rightmove, despite price declines & subdued activity
'There has been more to be positive about in 2023 than many thought there would be at this time last year,' says Rightmove's top property market analyst.
Buy-to-let purchases drop as landlords ‘hibernate’
Investors are buying fewer rental properties than at any time since 2010, according to fresh Hamptons data.
Property market turns ‘slightly less downbeat’ – RICS
The pace of house price declines 'has levelled-off in recent weeks', reports the Royal Institute of Chartered Surveyors.
Leading economists expect ‘decade-low’ mortgage growth into 2024
'As mortgage rates reach their highest since 2008, economic growth remains subdued and weakening housing market sentiment drives down demand,' says the EY ITEM Club in its latest forecast.
‘Weak sentiment’ hits Prime London’s sales market
October's registrations, exchanges and viewings were at similar levels to those recorded just after the ill-fated mini-Budget in 2022.
Bridging loan activity bounces back
Short-term property lending has increased, while the traditional mortgage market has slumped in the face of rising interest rates.
Continued global luxury house price growth ‘shouldn’t be overstated’
Two-thirds of cities tracked by Knight Frank's Prime Global Cities Index have seen property values increase through the last year.
Prime London Property Market Snapshot: Week 43, 2023
Negative numbers abound in our latest weekly sit rep for the prime London property market.
Zoopla expects average house prices to fall 2% in 2024
'The risk of a major collapse in house prices is becoming less of a concern,' says Zoopla, although some areas could see a 5% decline next year.
Prime London Property Market Snapshot: Week 42, 2023
41% fewer property sales were agreed in prime London last week compared to the same week in 2022, according to the latest PrimeResi Data Hub update.