Market Index
‘Rebalancing begins’ as prime London’s property market catches up with country house performance
Knight Frank and Savills have both flagged a revival for central London's property market in the opening months of this year.
‘Buyer demand remains unseasonably high’ – Zoopla
It's been a busy start to the year for the property market, with some 30% more sales agreed in Q1 than in pre-pandemic times.
Off-plan home sales rise for the first time since 2016, driven by demand for houses
"It’s owner-occupiers rather than investors who are likely to continue driving off-plan sales in 2022," suggests Hamptons.
House price inflation eases to +9.6% – UK HPI
The official UK House Price Index tells us that average property prices increased over the year to January; in England to £292,000 (9.4%), in Wales to £206,000 (13.9%), in Scotland to £183,000 (10.
Property transactions drop by a fifth
Around 21% fewer residential property transactions were recorded by HMRC in February 2022 compared to the same month in 2021.
Supply improves but agents’ books ‘are still bursting with those who have missed out on previous properties’
"The amount of properties going for over the asking price is still a figure that’s over three times more than what we would see in a pre-pandemic market," says Propertymark's CEO, "but with the cost…
Rental price inflation cools as affordability pressures bite
"Rental growth is slowing as affordability pressures bite," says Hamptons - which expects expect rents across Great Britain to end the year 2.5% up on 2021, down from 7% today.
Property market gathers pace as buyer demand climbs again
"There is little evidence yet that the mood music regarding the expectations for house prices or rents is shifting," says RICS chief economist.
Rightmove records biggest ever monthly asking price jump
"People are by no means done with their pandemic-driven moves," says Britain's biggest property portal, which has just recorded record house price inflation.
Propertymark reports 80% jump in new instructions, but sales stock remains at a record low
"There is certainly no let-up in demand, but the supply line appears to be recovering at a quicker pace and edging towards a rebalancing of the market," says Propertymark chief Nathan Emerson.
‘It looks as though there are brighter days ahead for the UK housing market’ – OnTheMarket
It's been a "strong start" to the year, says property portal OnTheMarket, although "the super-charged heat of the last two quarters has, to some extent, tailed off."
Monday Market Review: 14th Feb 2022
PrimeResi's weekly summary of key property market stories and indices.