Market Index

Two-thirds of cities tracked by Knight Frank's Prime Global Cities Index have seen property values increase through the last year.

Negative numbers abound in our latest weekly sit rep for the prime London property market.

'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.

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.

September data from estate agents 'points to a pricing correction despite average house prices continuing to rise'.

There has been no change in the average house price in England over the last year, official data shows.

Market metrics continue to point to a slowing market, with 18% fewer sales agreed in prime London so far this year compared to last, and 26% fewer than in 2021.

The number of properties going under offer last month was down by over a quarter on last year's levels, which 'could impact on the outlook for the last three months of the year', warns LonRes.

Estate agents are telling the property portal that the sales market is 'the most price-sensitive ever'.

But 'we’re not back to a normal seasonal market just yet,' says Foxtons, as rental prices remain at records highs.

Scottish city-centre flats are 'staging a comeback'. says Knight Frank.