Market Index
Drop-off in PCL buyer demand is ‘a temporary dip’, says estate agency
London estate agency reports a fall in demand for both prime and super-prime homes in the capital through Q1.
‘The lettings market remains very much out of balance’ – Propertymark
Letting agencies report an average of ten tenants chasing each rental listing.
‘Confidence is growing’: Architects expect workloads to improve
RIBA's Future Trends Workload Index has returned to positive territory for the first time since July 2022.
House prices dropped 1.1% in January – official data
The property market continued to cool in January, according to the latest UK House Price Index.
Estate agents report ‘robust’ sales market despite ‘doomy whispers’
Buyer demand is rising and stock levels are improving and transactions numbers are 'steady', according to the latest property market sit-rep from Propertymark.
Top-end home-buying activity sinks as asking prices get ‘over-optimistic’ – Rightmove
Property portal reports a sharp month-on-month increase in asking prices for "top-of-the-ladder" homes - despite dwindling buying activity in this market segment.
Prime global rental growth still in double figures – but the pace is slowing
'We expect prime investment markets to see robust activity in the short to medium-term,' says Knight Frank, as the pace of prime rental price growth eases in ten key cities.
Higher borrowing costs force a ‘change in strategy for landlords’
'Investors are having to dig deeper into their savings to ensure the sums stack up on any new buy-to-lets,' says Hamptons.
Property market shows signs of ‘a more stable picture’ – RICS
Key property market activity metrics all remain negative - but less so than in January.
Mortgage lending falls again as the housing market ‘suffers a prolonged hangover from the mini-Budget’
'There remains a huge amount of nervousness among borrowers, who aren't sure which way mortgage rates are likely to move next,' comments Knight Frank Finance on the latest BoE mortgage lending data.
‘Greater realism’ hits property sellers, as more under-asking offers accepted
A 'soft reset in house prices continues,' says Zoopla, as sales supply improves and vendors cut price expectations.
Rental supply is still ‘nowhere near enough to keep in line with high demand’
Propertymark has seen a slight improvement in the number of homes available to rent - but tenant demand still far exceeds supply.