Property Market News

“Best and final offers have become much more common place over recent months," say property agents in Devon and Cornwall.

Three regions have seen asking prices climb by more than 10% in the last year-or-so, says Rightmove, while Greater London has seen prices flatline.

"The savage reduction in staffing levels that many feared at the start of the pandemic has not materialised", says the RIBA, as architecture firms remain upbeat about prospects.

The number of new sales and lettings instructions fell back sharply in April, according to the RICS, while demand continued to rise.

Rightmove has revealed where most home-hunters are signing up for instant property alerts.

Demand for city centre rental properties is rising, reports Zoopla, with London rents having bottomed out in February.

142 property sales above £5 million were recorded in Prime Central London in the first four months of this year, reports Savills, with a combined value of £1.42 billion.

Average property prices in the Scottish capital increased by 2.2% in the first three months of this year, driven by high demand and tight supply.

“The dip in sales in April is temporary,” says Knight Frank, as the number of offers accepted in Prime London spikes.

Prime London properties are selling faster than last year, but prices continue to fall.

"Across all sectors of the market, the trend is a uniform one," says national buying agency Garrington in its latest monthly property market review: "Lack of property for sale, unsatiable demand and rising…

The rate of luxury home price growth continues to accelerate in cities around the world, says Knight Frank, but some of the biggest metropolises are seeing prices soften.