Property Market News

"It is encouraging to see far calmer and more consistent conditions prevailing," says Landmark Information boss.

"It is encouraging that a little more stock appears to be returning to the market," says the RICS' chief economist.

Average asking rents have risen by over 20% in Central London over the last year, and by 11% outside of the capital.

Prime London vendors are accepting an average of 3.6% less than their asking price, according to research by Benham and Reeves - but discounts are getting less chunky as the market bounces back.

London property prices jumped by 2.2% in February, as the national annual rate of house price inflation climbed to +10.9%.

"Developers will need to absorb new costs, and tighten margins in order to secure sites in what we expect to continue to be a competitive market," says Savills' head of regional development.

House price inflation is likely to "unwind" back to single figures across the UK, predicts Knight Frank, although Prime Central London is set for higher price growth as global travel resumes.

“We still expect PCL to be one of the best performing markets in 2022, as the resurgence of the city continues," says JLL's new research chief, Marcus Dixon - although "delays in overseas buyers returning…

Jackson-Stops has checked where house-hunters have the most and least choice...

The number of sellers listing their property is only growing gradually as the traditional selling season arrives, says Knight Frank's research head.

Buy-to-let investors were behind 13.9% of homes sales across Great Britain in Q1 2022, says Hamptons - the highest proportion at this time of year since Stamp Duty changes in 2016.

Knight Frank's latest indices tell of rising prices and plenty of activity in prime London's sales and rental markets.