Market Index

“Having taken stock during the first three months of the year people are now coming to market and being decisive," says Russell Grieve, office head at Knight Frank Haslemere.

Competition for family homes in Edinburgh is "fierce", says Knight Frank, while flats have "found renewed popularity after a pandemic-inspired hiatus.

"The property markets in central and outer London are increasingly on different trajectories," says Knight Frank, as the latest market indices shine a light on sales and lettings trends.

“Although the current land market remains buoyant, capacity for further growth is limited," warns Patrick Eve, Savills head of regional development.

Surging house price inflation has pushed 4.3 million homes into a higher stamp duty bracket since the start of the pandemic, estimates Zoopla.

"Buyers are still predominantly paying asking price and above meaning the ball is still firmly in the seller’s court," says Propertymark in its latest monthly market update.

"It can’t and won’t continue like this," says Tim Bannister, Rightmove’s Director of Property Data, "but with the demand and supply imbalance being so out of kilter, it looks like any substantial…

HMRC's latest property transaction figures show the market settling into a "new normal", after two years of Covid-induced volatility.

"It is encouraging that a little more stock appears to be returning to the market," says the RICS' chief economist.

Average asking rents have risen by over 20% in Central London over the last year, and by 11% outside of the capital.

London property prices jumped by 2.2% in February, as the national annual rate of house price inflation climbed to +10.9%.

Knight Frank's latest indices tell of rising prices and plenty of activity in prime London's sales and rental markets.