Market Index
Tom Bill: ‘The light-at-the-end-of-the-tunnel moment has not yet arrived’
Knight Frank's research chief shares insights into the current state of play in the prime London sales market.
Downbeat property market shows ‘little prospect of any turnaround in the immediate future’ – RICS
UK housing market activity metrics 'remain in deeply negative territory,' says the RICS, as property prices fall further.
Average rents set to climb another 5-6% next year, says Zoopla
'The rented sector is stuck in a seemingly endless cycle of low supply and strong demand,' says Zoopla, which 'has kept rental growth in double digits for 18 months in a row.'
Prime London Property Market Snapshot: Week 36, 2023
The latest LonRes data tells of a traditional September flurry of new sales and rental listings in prime London - but the property market still feels sluggish compared to previous years.
‘The gap between seller expectation & market reality is likely to widen further,’ warns London agent
"It seems we have a market of cautious buyers coming up against optimistic sellers, and the gap in their expectations is widening," says a London estate agency after analysing four property market indices.
Housing transactions to slump to lowest level since 2012 – Zoopla
And house price growth has slowed to a "virtual standstill", reports property portal.
Mortgage borrowing continues to slide
Fresh data from UK Finance and the Bank of England shows a sharp decline in property lending.
Land values see biggest decline on record as economic downturn bites
A major survey of housebuilders confirms “growing concerns” within the sector over the short-term outlook for the UK economy.
Global luxury house prices recover as rate uncertainty eases
"Price adjustments in many markets are likely to be less pronounced than was expected even three months ago," says Knight Frank.
Prime London Property Market Snapshot: Week 33, 2023
PrimeResi's regular sit-rep of London's prime residential scene, featuring the latest sales and lettings data from LonRes.
‘Only the more serious homebuyers & sellers are remaining proactive active in the market’ – Propertymark
The number of property viewings has plummeted, reports estate agency trade body.
August sees ‘much larger than usual price drop’ – Rightmove
Average UK asking prices are now 2% lower than at their peak in May - but remain nearly a fifth higher than in August 2019.