Market Index
‘The belated spring price bounce has quickly turned into an earlier than usual summer slowdown’ – Rightmove
Property portal still expects average asking prices to end 2023 2% lower than they started they started the year.
Prime global rents climb to record highs, but the pace of growth is easing
Singapore and London have seen the biggest prime rental price increases over the last year, according to Knight Frank's latest city index.
London leads rental market deceleration
The blistering pace of rental price growth has cooled in the last month, reports Hamptons.
‘Storm clouds are gathering’ for the property market, warn surveyors
Surveyors are reporting a 'less downbeat pessimistic trend' - but the spectre of more interest rate rises means the market may chill further.
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.