Property Market News
Deal numbers hold up despite low stock
Estate agents agreed an average of nine sales per branch in April, says Propertymark - roughly in line with the long-term average, despite a continued shortage of homes available to buy.
70 years of house price growth: How property prices have shifted since Elizabeth II was crowned
The Queen was crowned on 6th February 1952, when an average home cost just under £2,000. This is the equivalent of £56,000 in today’s money, and amounts to house price growth averaging 2.2%
Property as an inflation hedge? Maybe not…
"To predict what will happen to property prices, look at the amount of leverage," says Charlie Ellingworth, founder of buying agency Property Vision, as he warns that "residential property is not going…
Mortgage lending drops below pre-pandemic levels
Net mortgage borrowing and mortgage approval numbers are both now below their 12-month pre-pandemic averages, says the Bank of England.
House price growth to slow, but ‘risks of a correction have been overstated’ – Savills
Savills has upgraded its mainstream market forecasts for this year, predicting 7.5% growth through 2022 and 12.9% over the five years to the end of 2026.
‘Vicious circle of low supply breaks’ as more homes come to market
The number of new property listings jumped by nearly a fifth between January and April, reports Knight Frank - with rural areas leading the charge.
Zoopla predicts UK house price growth to slow to 3% by the year’s end
"Buyer demand remains high but there are now signs that market is softening," says Zoopla's research chief, as more vendors cut asking prices and deals take longer to materialise
Talking Heads: Chelsea in bloom as buyers & tenants put down roots
As Chelsea basks in the spotlight of the world's most famous flower show, local agents explain why the area has returned to the top of the wish list for many prime buyers...
‘The descent to a soft landing may have just begun’ – Garrington
"Despite market conditions remaining brisk over the last month, a shadow of uncertainty has been cast across the market by downbeat economic forecasts and data published over recent weeks," says national…
Cash buyers drive property price growth in a third of London boroughs
Mortgage broker Henry Dannell has flagged a surprising trend in many parts of the capital...
Transactions fall as the property market calms
April's tally of residential property sales was still well above pre-pandemic norms, but the market appears to be easing from its frantic pace.
‘After defying gravity for much of the pandemic, house prices appear to be finally set for their return to earth’ – Knight Frank
“It feels like we are at a crossroads,” says KF's James Cleland, as the number of new sales instruction picks up.