Property Market News
Prime London buyer demand ‘stalls’
One in four prime London property listings has already found a buyer, down slightly compared to Q4 2021.
House-hunters are ‘being driven by fear or frustration’, says buying agency
House-hunters are "being driven by fear or frustration" into the arms of buying agents, says national firm Garrington, as "the degree to which the property market has decoupled from economic reality over…
OBR upgrades house price forecast again
Average house prices are likely to rise by 7.4% this year, predicts the Office for Budget Responsibility, and by 15.8% over five years.
House price inflation eases to +9.6% – UK HPI
The official UK House Price Index tells us that average property prices increased over the year to January; in England to £292,000 (9.4%), in Wales to £206,000 (13.9%), in Scotland to £183,000 (10.
London property is over-valued by ‘as much as 50%’, warns ratings agency
Analysts predict a property market "correction" in and around the capital, as house prices detach from incomes.
‘Best ever spring sellers’ market’ as asking prices hit another record high
Rightmove has recorded the biggest March jump in average asking prices since 2004 - but the portal's top analyst warns "there are headwinds that seem likely to remove the current market froth in the second…
Property transactions leap by 28% in a typical March
The traditional Spring market bounce sees property transaction numbers jump by an average of 28% in March, according to new analysis by Jackson-Stops.
Prime Central London flats offer ‘investment opportunities’ as rental yields jump – LCP
"As the PCL market begins to pick up momentum there is still a degree of discrepancy between the performance of houses and flats," says LCP boss Andrew Weir - "pointing towards the investment opportunities…
Tom Bill: The signals from the property market remain positive ahead of this week’s expected rate rise
In a market so driven by sentiment, a discernible dent in demand might be expected given the current economic and political backdrop - but it hasn’t materialised yet...
Heatmapped: Hybrid working drives South East market revival
Greater London and the South East are back in the top four areas of house price growth for the first time since August 2020, reports Acadata
Residential planning activity in PCL running at a five-year high
"Early signs of recovery in development activity" in Central London, says CBRE - presenting "a significant opportunity for developers to time their run onto an active market."
‘A sure sign that the London market is on the up’: Overseas buyers back in action
International buyers owned c.£6bn more London property in 2021 than in 2020, according to some new analysis of Land Registry data.