Market Index
UK house prices dipped 0.7% in October; property industry reactions to the latest official data
The property market 'remains a tad lethargic with no real movement planned until the new year comes,' says one estate agency boss after checking the latest ONS/Land Registry House Price Index.
Prime London Property Market Snapshot: Week 50, 2023
2023's seasonal property market slowdown is even more marked than in previous years, according to the latest LonRes prime London data.
Global housing markets show ‘surprising resilience’ in the face of higher rates
'The resilience of global house prices is surprising in light of rising costs for mortgage borrowers,' says Knight Frank - although resi transaction numbers have tumbled by 15% to 25% in many developed…
Housing market outlook improves, but surveyors remain ‘cautious’
Sentiment in the property market is becoming 'a little less negative', says the RICS.
‘Normal trading conditions’ return to London’s prime rental market
'The meteoric rental value growth seen in recent years has calmed down,' says Knight Frank.
Prime London Property Market Snapshot: Week 49, 2023
16% more sales were agreed in Prime London last week compared to the previous seven days, but 15% fewer than the corresponding week last year...
‘Rental growth has now peaked and we expect a major slowdown in 2024’, says Zoopla
'There are signs that the UK rental market will turn in 2024,' says Richard Donnell; 'rents are reaching the maximum affordable price and rental demand is starting to slow.'
Average asking prices to drop 1% in 2024, predicts Rightmove
The property market displayed 'much-better-than-predicted resilience this year,' says Tim Bannister, despite a bigger than usual December dip for new asking prices.
Inner London rents have jumped 13.2% in the last year
Tenants across Great Britain paid a record £85.6bn in rent in 2023, says Hamptons - equivalent to the total value of all homes sold in London last year.
Prime London Property Market Snapshot: Week 48, 2023
Deal numbers are down again in prime London, but sales supply has picked up.
‘Asking prices are still too high’, says Propertymark
Housing market activity is slowing down as seasonal trends re-emerge, says the estate agency trade body.
Mortgage approvals rise as interest rates stabilise
Bank of England data tell of another increase in mortgage approvals, prompting Savills to suggest 'some confidence is beginning to return' to the property market.