Market Index

Surveyors noted 'a steady improvement in buyer demand across the residential market' in November - but warn 'the broader macro environment is likely to pose additional headwinds moving forward.'

Zoopla predicts average rents will increase by another 4% through 2025.

Deal numbers are falling sharply as the year comes to a close.

'The sales market is set to see a trend unlike those historically seen across the winter months,' says Propertymark.

5% fewer sales were agreed across the capital's prime postcodes in Week 48 2024 than in Week 47, and 6% fewer than in the same seven day period last year

'The mortgage sector is set for an extremely busy end to 2024 and an explosive start to 2025,' declares Alexander Hall chief Richard Merrett, in response to the latest Bank of England data.

Property portal expects UK house prices to increase by 2.5% in 2025 and by 7.5% over the next three years.

PrimeResi's weekly market sit-rep, featuring the latest sales and lettings data from LonRes.

But 'the structural under-supply of new accommodation in major cities means rents are likely to rise faster than trend levels over the next few years,' says Knight Frank's research chief.

Propertymark expects home buying & selling activity to 'accelerate over the coming months moving into 2025.'

The capital's lettings market is 'defying the typical seasonal slowdown,' says agency.

Property agents note 'an air of calm confidence' in the latest UK House Price Index, covering September 2024.