Property Market News
Another top agency cuts Prime Central London property price forecasts
Strutt & Parker now expects PCL property prices to end this year 2-5% higher than they started it, having predicted 5-10% growth through 2022 just a few months ago
Traditional Summer dip sees asking prices fall for first time this year – Rightmove
"Prices usually drop in August, and this 1.3% drop is on a par with the average August drop over the past ten years," explains the Rightmove team.
Knight Frank downgrades international prime property price forecasts
"A lot has changed in global property markets since we issued our last global prime residential forecast in December 2021," says Knight Frank
House prices continue to climb despite falling buyer demand – RICS
"It is little surprise that housing market activity is now losing some momentum," says the RICS - but most surveyors "still anticipate prices will be modestly higher than current levels in a year’s time."
Market towns see property prices dip as the countryside property boom cools
After two years of punchy growth, house prices in 25 regional market towns have fallen by an average of 2% in the last 12 months.
Waterfront price premiums rise around the world as demand surges
The average international premium for a waterfront property compared with a non-waterfront home has climbed to 40%, according to Knight Frank.
Ranked: London’s most active property markets
Croydon (CR0), Wandsworth (SW18) and Merton (SW19) are the most active London areas for home-buying activity, with each postcode seeing more than 60 homes sold each month.
‘Significant slowdown’ expected for prime London rents next year
Escalating costs of living and inflationary pressure are likely to slow the pace of prime rental price growth down in the coming months, says Savills - but the firm has still upgraded its five-year price…
Bank of England turns gloomier as base rate rises to 1.75%; how will the housing market respond, asks Tom Bill
Economists question the Bank’s latest forecasts while the direction of travel for mortgage costs is less open to debate, writes Knight Frank's head of UK residential research.
Monday Market Review: Key figures and findings from the last seven days (w/c 01.08.22)
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from LonRes, Savills, Coutts, Zoopla, Knight Frank, London House & more…
Prime rental growth outpaces capital values in most global cities
“Megacities are once again thriving as tenants are drawn back to urban living after the lifting of lockdowns," says Savills, as prime rents climb in New York, Singapore, London and Los Angeles.
‘London’s prime property market is getting back on form’ – Coutts
High-society bank tells affluent clients that PCL is back in action.