Market Index
Prime London Property Market Snapshot: Week 47, 2023
Deal numbers continue to slide in prime London, but the last week has seen a decent increase in new sales instructions.
‘These are the best conditions for home buyers for some years’ – Zoopla
Property prices are still falling across most of the UK as supply improves - with buyers in London and the South East securing the biggest asking price discounts.
Traditional seasonal trends return to the rental market as ‘landlords remain confident in London’s unfailing appeal’
Tenant demand has fallen sharply in the last month, prompting Foxtons to herald 'a shift towards a more balanced market' in the capital.
Global residential rents tick higher but affordability begins to bite
Slower growth in top-tier rental markets such as New York and Singapore 'points to the likely direction of travel for big city markets,' says Knight Frank.
Residential transactions ‘have been considerably lower than historically’, says ONS as the official UK HPI turns negative for the first time since 2012
Industry reactions to the latest ONS/Land Registry House Price Index from Knight Frank, Savills, Foxtons, Jackson-Stops, Fine & Country, SPF Private Clients, Propertymark, and more.
Prime London Property Market Snapshot: Week 45, 2023
47% fewer property sales were agreed in prime London last week compared to the same week last year, according to the latest LonRes/PrimeResi market data.
‘There seems to be no rush for many potential buyers & sellers’: Transactions & prices slide in Prime London’s ‘subdued’ sales market
Average values across the prime postcodes are now roughly in line with early-2014 levels, reports LonRes.
2023 was ‘better than expected’ for the property market, says Rightmove, despite price declines & subdued activity
'There has been more to be positive about in 2023 than many thought there would be at this time last year,' says Rightmove's top property market analyst.
Buy-to-let purchases drop as landlords ‘hibernate’
Investors are buying fewer rental properties than at any time since 2010, according to fresh Hamptons data.
Property market turns ‘slightly less downbeat’ – RICS
The pace of house price declines 'has levelled-off in recent weeks', reports the Royal Institute of Chartered Surveyors.
Leading economists expect ‘decade-low’ mortgage growth into 2024
'As mortgage rates reach their highest since 2008, economic growth remains subdued and weakening housing market sentiment drives down demand,' says the EY ITEM Club in its latest forecast.
‘Weak sentiment’ hits Prime London’s sales market
October's registrations, exchanges and viewings were at similar levels to those recorded just after the ill-fated mini-Budget in 2022.