Market Index
Larger homes are taking ‘considerably longer’ to sell
'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 approvals have fallen by 26% in the last year
Mortgage lending has dropped to the lowest level on record, if the period since the onset of the Covid-19 pandemic is excluded.
Industry Reactions: Property transactions plunge by nearly a third
HMRC has reported a 'particularly large' drop in residential property transactions from March to April.
Zoopla’s Alto rolls out raft of new proptech integrations
Estate agency software platform adds ten new integrations, including Goodlord and FixFlo.
House prices have fallen 1.3% in the last six months, but activity is rising – Zoopla
Sales volumes are still on track to be 20% lower than last year.
Industry Reactions: UK HPI shows another fall for average house prices
March saw property values dip for the fourth month in a row, according to the latest official data.
Property sellers show ‘increased pricing confidence’ as the property market continues to defy expectations
But there are 'some signs of over-optimism' amongst vendors at the top end of the property market, warns Rightmove.
‘The mood amongst many buyers has shifted from anxiety to cautious confidence’ – Garrington
Property market sentiment 'is improving steadily' says top buying agency.
Bridging loan activity surges 68% amidst mortgage market uncertainty
Increase in short-term property lending has been driven by demand from residential homeowners.
Average rent outside London tops £1k PCM for the first time
'Affordability constraints will likely hit the brakes on rental growth at some point this year,' says Hamptons - but the estate agency warns 'it’s unlikely to slow considerably due to the number of landlords…
Global luxury property market index turns negative for the first time since the Global Financial Crisis
Top-end property values are now falling in 16 of the 46 markets tracked by Knight Frank's Prime Global Cities Index, and 'downward pressure' is expected to continue for the next few quarters.
Property market ‘remains weak’ but the outlook steadies – RICS
Surveyors reported a dip in home-buyer demand last month, but most other property market indicators continue to improve from last year's low-point.