Market Index
Buyer caution ‘isn’t necessarily translating into large discounts’ – Hamptons
'Most vendors are prepared to wait and see what happens in the hope that they’ll achieve a better price and a lower mortgage rate in the future,' says top-end estate agency.
London’s £5mn+ market is back in business – Savills
Latest indices 'underscore the remarkable resilience' of the capital's top-end property market.
Mainstream property market sees ‘renewed deterioration’ as buyer enquiries fall again – RICS
'An important message coming back from RICS agents is around ensuring prices are set with an eye on the market conditions of today, rather than the recent past,' says the Institute's Chief Economist;
Lack of stock still driving up prices in prime rental markets
But rental stock 'is not as scarce as it was this this time last year,' says Savills - and 'only the highest quality homes can now expect multiple bids.'
PCL prices have fallen 5.9% in the last year – JLL
'The implications of stubborn inflation on the UK mortgage market are hampering activity in Prime Central London,' says JLL.
Cash buyers dominate in Prime Central London as mortgage rates climb
Nearly three-quarters of recent residential property deals in Prime Central London involved cash buyers, according to analysis by Savills.
Global house prices rise at slowest pace since 2015
Knight Frank's latest Global House Price Index slowed to +3.6% in the 12 months to Q1 2023, down from 5.7% in the previous quarter.
Tom Bill: Lettings supply rises in prime London amid sales market uncertainty
'The story of low supply in the prime London lettings market appears to be coming to an end,' says Knight Frank's research head.
Tom Bill: Prime London market resilient despite rising mortgage costs
'The economic mood has darkened but the market is far from grinding to a halt,' says Knight Frank's research chief, Tom Bill - although 'the air continued to slowly come out of the prime London property…
Property price cuts on the rise as higher mortgage rates ‘hit buying power by up to 20%’
The average asking price discount has climbed to 3.8%, says Zoopla, as one in six vendors accept offers at least 10% below their initial asking price.
Property service charges have risen by an average of 52% in the last five years
Service charges surged as improved fire safety measures were introduced in the wake of the 2017 Grenfell Tower tragedy.