Market Index
Property sales ‘continue to stall’ while rental market picks up steam
A 28-month run of rising house prices has come to an end, reports the RICS, as buyer demand tails off and transactions stall.
Higher mortgage rates set to erode house price ‘paper gains’ next year – Zoopla
'Homeowners wanting to sell in 2023 will need to be realistic on price and may have to forgo some of the pandemic price gains to achieve a sale in 2023,' says Zoopla's research director, Richard Donnell.
Asking rents in London have jumped by 16% in the last year
'It’s a real challenge for renters at the moment,' says Rightmove, 'as there are simply not enough homes available to rent to meet the demand from people enquiring.'
Property sales supply jumps by 50% – Propertymark
"The extreme pressure may be coming off the market, but it has a long way to go yet before we see it return to normal," says Propertymark, as supply improves but demand remains high.
Annual house price growth slowed to +13.6% in August – UK HPI
The latest official House Price Index shows "a slight cooling in year-on-year growth, but it’s far from being a blizzard," comments Jackson-Stops boss Nick Leeming, while Knight Frank points out that…
Home-buyer & seller sentiment ‘remains robust’, says portal
'There’s evidence that buyers feel the market is moving in their favour,' says OnTheMarket boss Jason Tebb, as the portal reveals results of its September Sentiment Survey - conducted before the now-unravelled…
Asking prices continue to climb as some buyers pause while others rush deals through
'The vast majority of buyers who had already agreed their purchase are still going ahead,' says Rightmove, but some buyers 'have had their plans dashed by the sudden nature of the mortgage rate rises.
London rents reach a record high as supply shrinks and demand climbs
Foxtons has listed 38% fewer rental properties so far this year compared to last, while tenant demand is running high.
Global housing markets are ‘at the tipping point’, warns UBS, with ‘significant price corrections’ imminent in many world cities
'We are witnessing the owner-occupied housing boom finally under pressure globally,' says UBS, which warns of 'significant price corrections' in a majority of the highly-valued global cities in the coming…
‘Storm clouds clearly visible’, warns the RICS as ‘dial shifts’ on the housing market
The property market 'has clearly shifted in a negative direction', says the RICS' Chief Economist, with surveyors expecting house prices and transaction volumes to fall in the coming months.
Most home-buyers & sellers ‘remain undeterred’ by property market turbulence
One in six home-movers have changed plans as a result of recent mortgage market catastrophising, according to a London estate agency's latest survey, but the majority of buyers and sellers remain 'level…
Prime global rental growth ‘has peaked’
Knight Frank's latest Prime Global Rental Index shows a slight dip in the pace of luxury rent inflation across ten international cities.