Property Market News
Talking Heads: How fast will the property market slow?
"There is no doubt that there is a cool breeze blowing in the London market,” says Roarie Scarisbrick of buying agency Property Vision - but the consensus amongst 21 prime property pundits canvassed…
Annual house price growth climbs to +12.8% – UK HPI
The latest official house price index tells of a 1.2% monthly increase for the average UK home in May, up from a 0.4% rise in the same period last year.
Mapped: Areas with the highest (& lowest) daily property price growth since the start of the pandemic
Zoopla estimates that the average UK home has seen its value climb by £48 every day since March 2020 - but some areas have seen significantly higher growth of up £106, while the value of many London…
Prime country house price growth cools sharply as supply improves
Britain's country house market "is normalising" after a two-year pandemic-driven boom, suggests Knight Frank as price growth peaks.
BoE Governor warns of bigger interest rate jump next month
"There are no ifs or buts in our commitment to the 2% inflation target,” said Andrew Bailey, as he confirmed a 0.5% base rate hike is "on the table" for August.
Resi investment set to breach £4.4bn record high this year
CBRE is forecasting 8% growth for average UK house prices through 2022, with any downturn in buying activity likely to take time to filter through to prices.
Buyers & sellers ‘remain confident’ about housing market prospects
We're in a "new normal" property market, says OnTheMarket - "an elevated version of the pre-pandemic market."
Rightmove raises house price forecast as property market ‘cools from boil to simmer’
Property portal expects the average UK asking price to end 2022 some 7% higher than it started the year.
Pace of rental price growth eases
“Rapid rental growth will see tenants handing over a record £63bn in rent during 2022, the first big jump for five years," says Aneisha Beveridge, Head of Research at Hamptons.
Edinburgh’s property market bounces back as the Scottish country boom fades
"While family homes with gardens remain in high demand, we’ve seen a sea-change for flats, with larger examples performing well even without outside space,” says Knight Frank - but "there are signs…
Slowing demand eases pressure on house price growth – RICS
House prices are still rising, but the pace of growth is cooling as buyer demand slows.
House prices surge even as political volatility rises
A general election rather than a Tory party leadership vote would have an impact on the housing market, writes Knight Frank's Tom Bill - but that feels unlikely this year.