Property Market News

JLL has made some bullish forecasts for London's property market.

"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,"…

Against a volatile economic backdrop, the security and privacy Monaco offers is not going unnoticed by wealthy buyers, reports Knight Frank

Property prices may prove "resilient" in the face of rising interest rates and costs of living, but transaction numbers are "likely to slow as the year wears on," warn surveyors.

Average asking prices are rising at a slower pace than achieved sold prices, according to some analysis by London estate agency Benham and Reeves.

House price growth in global cities is outpacing national averages, according to Knight Frank's latest indices - but signs point to a general property market slowdown.

"The wealthier you are, the more confident you are," says a bullish Simon Leadbetter, Global CEO of Fine & Country.

Estate agency branches had an average of 15.6 properties available to rent in March this year, says Propertymark, down from 30.4 in March 2019.

One in ten homes sold across the UK so far in 2022 were only marketed quietly, rather than being openly broadcast on the portals. That figure rises to nearly a quarter in London and prime country markets.

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.

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.

"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…