Market Index
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.
‘The vast majority of properties are selling below the asking price’ – Propertymark
September data from estate agents 'points to a pricing correction despite average house prices continuing to rise'.
Property market continued to cool in August – UK HPI
There has been no change in the average house price in England over the last year, official data shows.
Prime London Property Market Snapshot: Week 41, 2023
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.
Prime London’s sales pipeline shrinks as demand drops off
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.