Market Index
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.
‘Worst of the house price falls are over’ – Zoopla
The property market 'continues to rebalance', says Zoopla, with price growth slowing as supply improves.
Rents climb further as supply/demand mismatch ‘set to continue for some time’
Rightmove listed 46% fewer rental properties in Q1 this year than in Q1 2019, while processing 48% more tenant enquiries.
Market Snapshot: Prime regional house prices ‘begin to stabilise’
'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.'
Asking prices nudge upwards as deal numbers recover
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.
House prices & transaction volumes continue to fall – official data
Industry Reactions: Property insiders weigh-in on the latest UK HPI, which tells of another fall for property prices in February.
PCL sales tumble by a fifth – but ‘taking a longer-term view shows a different picture’
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.
Retirees drive landlord sales as BtL demographics shift ‘irrespective of the tax or regulatory changes’
Hamptons estimates that around 140,000 landlords retired in 2022, accounting for nearly three-quarters (73%) of all landlord sales.
Property market ‘remains downbeat overall’ – RICS
Surveyors expect the weak sales market to continue for 'a while longer', before more stability returns.