Property Market News
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.
Five factors shaping prime property demand right now
Savills' latest buyer and seller survey highlights how prime property buying intentions are evolving.
Asking prices climb to another record high, but the property market appears to be slowing
“A lack of homes for sale rather than a lack of desire from buyers is what is dictating the pace of the market,” says Rightmove, as the UK’s average asking price rises 2.1% in a month.
Property prices have doubled around some Elizabeth Line stations
"Despite delays in the line opening, the number of buyers looking to move near the stations has steadily surged," says Rightmove.
House price growth slows to 9.8% – UK HPI
Official data points to a property market slowdown.
New Zealand house prices predicted to plunge 20% next year
A 20% drop would be NZ's biggest property market fall since the 1970s - but would only return house prices to where they were at the start of last year.
Rental prices surge up, but growth ‘will start to ease’ in the coming months
The average London rent bill has risen 15.7% in the last year, reports Zoopla.
Lucian Cook: Are we heading for a rude awakening?
Rents and capital values of prime property continue to rise despite increasing interest rates and geopolitical uncertainty.
London leavers flock back to town, driving up rental prices
"Tenants are returning to the bright lights of the city and this is driving rental growth to record highs," says Aneisha Beveridge of Hamptons.
Prime Central London rents set to rise 10% this year, predicts Strutt & Parker
Strutt & Parker has updated its five-year property market forecasts, anticipating a sharp upturn for central London's lettings market as tenant demand outpaces rental supply.
Residential investment set to surge by 65% this year, becoming a core asset class
Residential real estate has shifted from an alternative to a core asset class in the eyes of investors, says Knight Frank, as record amounts are pumped into the sector.