Market Index
Prime London Property Market Snapshot: Week 48, 2023
Deal numbers are down again in prime London, but sales supply has picked up.
‘Asking prices are still too high’, says Propertymark
Housing market activity is slowing down as seasonal trends re-emerge, says the estate agency trade body.
Mortgage approvals rise as interest rates stabilise
Bank of England data tell of another increase in mortgage approvals, prompting Savills to suggest 'some confidence is beginning to return' to the property market.
Prime London Property Market Snapshot: Week 47, 2023
Deal numbers continue to slide in prime London, but the last week has seen a decent increase in new sales instructions.
‘These are the best conditions for home buyers for some years’ – Zoopla
Property prices are still falling across most of the UK as supply improves - with buyers in London and the South East securing the biggest asking price discounts.
Traditional seasonal trends return to the rental market as ‘landlords remain confident in London’s unfailing appeal’
Tenant demand has fallen sharply in the last month, prompting Foxtons to herald 'a shift towards a more balanced market' in the capital.
Global residential rents tick higher but affordability begins to bite
Slower growth in top-tier rental markets such as New York and Singapore 'points to the likely direction of travel for big city markets,' says Knight Frank.
Residential transactions ‘have been considerably lower than historically’, says ONS as the official UK HPI turns negative for the first time since 2012
Industry reactions to the latest ONS/Land Registry House Price Index from Knight Frank, Savills, Foxtons, Jackson-Stops, Fine & Country, SPF Private Clients, Propertymark, and more.
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.