Market Index

Price cuts are rife in prime London as new listings outpace sales being agreed.

Knight Frank’s Luxury Index fell 3.3% in 2024 despite soaring financial markets.

Activity remains subdued despite week-on-week improvements in both sales and rental deals.

Knight Frank flags a remarkable shift in London's fortunes on the global luxury property stage.

'We expect demand for rented homes to continue to exceed available supply in 2025,' warns Zoopla.

Total borrowing for house purchases has been rising since April 2024.

'While market activity is on the rise we expect house price growth to be kept in check over 2025,' says property portal.

More homes are on the market but fewer are finding buyers.

Renters renewing a tenancy are seeing rent bills rise much faster than those moving into a new home.

The annual rate of property price growth picked up from 3.9% in November to 4.6% in December, according to the latest UK HPI.

Sales supply is running high in the capital's prime postcodes.

'Some of the steam is coming out of new sellers’ price expectations to fit the changing market conditions,' says property portal.