Market Index

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.

Service charges surged as improved fire safety measures were introduced in the wake of the 2017 Grenfell Tower tragedy.

Garrington rounds-up some of the big property market indicators and indices to give a buyers-eye overview of the market in June.

London continues to have the lowest rate of annual house price growth of any UK region - but the capital saw a 2.1% jump in sold prices from March to April.

Property portal still expects average asking prices to end 2023 2% lower than they started they started the year.

Singapore and London have seen the biggest prime rental price increases over the last year, according to Knight Frank's latest city index.

The blistering pace of rental price growth has cooled in the last month, reports Hamptons.

Surveyors are reporting a 'less downbeat pessimistic trend' - but the spectre of more interest rate rises means the market may chill further.

'One of the early underlying trends of 2023 and a direct effect of higher mortgage rates has been strengthening demand for smaller homes,' says Hamptons, as the housing market slows down.

Mortgage lending has dropped to the lowest level on record, if the period since the onset of the Covid-19 pandemic is excluded.

HMRC has reported a 'particularly large' drop in residential property transactions from March to April.

Estate agency software platform adds ten new integrations, including Goodlord and FixFlo.