Market Index

The property market 'continues to rebalance', says Zoopla, with price growth slowing as supply improves.

Rightmove listed 46% fewer rental properties in Q1 this year than in Q1 2019, while processing 48% more tenant enquiries.

'Buyers are not feeling the same sense of urgency that they felt last year,' says says Frances McDonald of Savills Residential Research;' they’re more cautious and are happy to bide their time.'

The property market is showing "unseasonal pricing restraint", says Rightmove as the average UK asking price rises by just 0.2% in the last month.

Industry Reactions: Property insiders weigh-in on the latest UK HPI, which tells of another fall for property prices in February.

JLL's Prime Central London index for Q1 2023 tells of a 4.3% annual decline in achieved sold prices, and a 5.5% increase in achieved rents.

Hamptons estimates that around 140,000 landlords retired in 2022, accounting for nearly three-quarters (73%) of all landlord sales.

Surveyors expect the weak sales market to continue for 'a while longer', before more stability returns.

Halifax's March data suggest a return to 'relative stability in the housing market'.

Zoopla's latest data provide 'clear evidence buyers and sellers are striking deals at an increasing rate despite modest price reductions.'

'The gap between prime buyer and seller price expectations have widened,' warns Savills, as top-end house prices prove resilient.