Property Market News
Super-rich buyers race to Monaco as economic warning lights flash red
Against a volatile economic backdrop, the security and privacy Monaco offers is not going unnoticed by wealthy buyers, reports Knight Frank
Estate agents report drop in buyer demand, but house prices continue to climb – RICS
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.
Asking price to sold price gap shrinks
Average asking prices are rising at a slower pace than achieved sold prices, according to some analysis by London estate agency Benham and Reeves.
‘The dynamism of cities is reasserting itself’: Global city house prices out-perform national averages
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.
‘Concerns over the property market are overstated’ – Fine & Country boss
"The wealthier you are, the more confident you are," says a bullish Simon Leadbetter, Global CEO of Fine & Country.
Private rental stock has dropped by half since 2019 as landlords exit the market
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.
Off-market property sales soar as mainstream sellers embrace discreet marketing
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.
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.
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.