Property Market News
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.
‘There doesn’t need to be a recession to dampen the mood in the UK housing market’ – Knight Frank
Knight Frank's research team assesses what the Bank of England's slashed forecasts mean for the property market.
Number of £500k house price hotspots up 50% since the start of the pandemic
One in six local areas across Britain now has an average house price in excess of £500,000, says Savills.