Market Index
Sales market is ‘stabilising’ despite ‘challenging backdrop’ – RICS
Surveyors expect property sales volumes to fall further in the next three months - but things should pick up within 12 months.
Prime London Property Market Snapshot: Week 40, 2023
Price cuts are proliferating in prime London's sales and rental markets, according to the latest LonRes intelligence.
Prime London rental growth eases to lowest rate in two years
The top-end of the lettings market 'is at a pivotal point', says Knight Frank.
Regional rental growth ‘finally starts to simmer’, as London rents continue to climb
Prime regional rental prices grew by +0.6% in Q3, down from +2.6% in Q2, according to the latest Savills data.
Tom Bill: The prime London property market remains in a holding pattern
Property prices in London have been far less volatile than the rest of the country during this latest period of economic turbulence, says Knight Frank's research chief.
Property price growth continues to slow across global cities – but ‘signs of recovery emerge’
'There is early evidence that conditions are beginning to improve in a number of key global city markets,' says Knight Frank.
More than half of homes sold in September had their asking price reduced
'With some sellers still holding out for last year’s prices, it’s the number of homes changing hands rather than their price that’s bearing the brunt of the slowdown,' says Hamptons.
Rents climb further as 25 tenants chase each property
'We’ve been really feeling the pressure of having to manage the mounting number of enquiries for each rental property we have available,' complains one letting agent.
Prime London property ‘remains more robust’ than mainstream markets
But top-end buyers' price expectations are still 'markedly lower' than sellers' across prime London, says Savills.
Prime London Property Market Snapshot: Week 39, 2023
Far fewer deals are taking place in prime London than at this time last year.
‘Prime markets furthest from London are holding up the strongest,’ says Savills
Scotland is now the UK's 'top performing' prime property market.
Mortgage approvals dipped further in August – BoE
August saw net mortgage approvals for house purchases fall to the lowest level since February.