Market Index

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.

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.'