Property Market News
‘No sign from agents that the good times have yet ended’ – Propertymark
Estate agents "continue to report a strong, stable market," says Propertymark, with 78% of sales being agreed above asking price.
Six Years On: UK Vs EU house price growth since the Brexit vote
Average house prices across the EU-27 have increased by 39% since 2016, while the UK has seen 31% growth.
‘Remarkable buyer & seller confidence prevails’ – OnTheMarket
An inevitable rebalancing of supply and demand "will take time", says property portal. Until then, "the ‘new normal’, an elevated version of the pre-pandemic market continues."
Asking prices rise to another record high – but the pace of growth slows further
"There are likely to be some month-on-month price falls during the second half of the year," says Rightmove.
Rental growth hits double figures – but it’s becoming cheaper to rent than to buy as mortgage costs climb
Central London rents are bouncing back hard from pandemic depths, suggests Hamptons' latest letting index.
Buying agency reports ‘a growing sense of caution amongst buyers and sellers alike’
Property market activity "has remained brisk" over the last month, says buying agency Garrington, although there's "a growing sense of caution amongst buyers and sellers alike, who have increasingly divided…
BoE bumps base rate up to 1.25%
Britain's central bank hikes interest rates again in a bid to curb inflation.
Town & Country: Simon Usborne on the Siege of Londongrad
London's position as playground for Russia's super-rich is "a party that had already peaked by 2014" and "is surely now over," writes Simon Usborne in Town & Country magazine.
Coastal competition cools as city property markets heat up
Buyer and tenant demand is still running very high in many seaside locations, but Rightmove points to a marked slow-down from the frantic activity of 2020 and 2021.
Prime London’s property market hits a ‘sweet spot’ as buying activity picks up
"The prime London property market is in a sweet spot," declares Knight Frank's research team, as buyer demand bounces back and the supply of homes available to buy picks up.
Has London’s property price premium bottomed-out?
JLL has made some bullish forecasts for London's property market.
The Sunday Times: Why one in ten properties are sold in secret
"Frenzied demand from buyers and a shortage of properties for sale have led to a boom in off-market sales, where homes are sold without being listed on an estate agent’s website or a property portal,"…