Property Market News
‘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.
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.