Market Index
‘This is now a buyer’s market’ – Garrington
Slowdown "is not a temporary aberration but looks to be a shift in the UK property market’s landscape for the second half of the year," says top buying agency.
Southern England ‘bears brunt of house price falls’ as buyer demand drops – Zoopla
Zoopla expects average UK property prices to be 5% lower by the end of the year - but that would still be 15% higher than pre-pandemic levels.
Renter competition remains high as London enters ‘peak letting season’
The latest Foxtons data tells of a traditional Summertime surge of activity in the rental market.
Resi development land values fall, but market activity is ‘picking up slowly’
'Some of the major housebuilders are cautiously returning to the land market,' says Savills - although 'many are still largely out of the market.'
Average asking rents are now a third higher than before than pandemic – Rightmove
"Despite quickly rising prices, rental homes are continuing to let at speed and many landlords are still being met with long queues of prospective tenants wanting to view and rent their property," says…
‘No sign yet of fundamental change in market conditions’ – Propertymark
'It is clear that a core portion of the country are still looking to get moving and are not put off by current conditions,' says Propertymark.
Industry Reactions: UK HPI shows no change for the average house price in May
The annual rate of property price growth slowed from +3.2% in April to +1.9% in May, according to the UK's official House Price Index.
Prime resi price growth slows across global cities
Dubai takes the lead for prime residential capital value growth in the latest Savills index.
Asking prices dip as buying activity falters – Rightmove
Buyer demand 'remains resilient', says property portal - but transaction numbers have fallen as higher interest rates bite.
Average rents have climbed 9.4% in the last year, and ‘pressures seem likely to continue in the medium term’
Rents are rising across all GB regions, says Hamptons, although the pace of growth has cooled in Greater London and Scotland.
Buyer caution ‘isn’t necessarily translating into large discounts’ – Hamptons
'Most vendors are prepared to wait and see what happens in the hope that they’ll achieve a better price and a lower mortgage rate in the future,' says top-end estate agency.
London’s £5mn+ market is back in business – Savills
Latest indices 'underscore the remarkable resilience' of the capital's top-end property market.