Property Market News
Pace of rental price growth eases
“Rapid rental growth will see tenants handing over a record £63bn in rent during 2022, the first big jump for five years," says Aneisha Beveridge, Head of Research at Hamptons.
Edinburgh’s property market bounces back as the Scottish country boom fades
"While family homes with gardens remain in high demand, we’ve seen a sea-change for flats, with larger examples performing well even without outside space,” says Knight Frank - but "there are signs…
Slowing demand eases pressure on house price growth – RICS
House prices are still rising, but the pace of growth is cooling as buyer demand slows.
House prices surge even as political volatility rises
A general election rather than a Tory party leadership vote would have an impact on the housing market, writes Knight Frank's Tom Bill - but that feels unlikely this year.
Capital View: The global housing downturn will deepen – but this isn’t 2008
The US, UK, Canada, Australia, New Zealand, and Sweden are now all in the third stage of a property market downturn, suggests Neil Shearing, Group Chief Economist at Capital Economics.
London’s property market ‘is in the sort of sweet spot that doesn’t last forever’ – Knight Frank
Market Snapshot: Knight Frank's latest London sales and lettings indices.
Property market reset ‘will be gradual as demand remains robust’ – Fine & Country boss
The housing market continues to defy the wider economic rhetoric, but signs are emerging that the market is starting to reset, says Nicky Stevenson, MD of Fine & Country UK.
Prime London rental values see strongest annual growth in over 20 years
Rental prices growth continues to "roar ahead" across London, says Savills, although the market is "less panicked" than it was last year.
Super-prime property market activity hits six-year high in London
“Property’s reputation as an inflation-hedge gives it extra appeal, while the prospect of rising borrowing costs is injecting a degree of urgency into the market across all price points,” says Rory…
PCL property market recovery ‘held back’ as international buyers stay away
"Unless high net worth foreign investors return in their pre-pandemic numbers, we can expect the market to continue to recover at a slow and steady pace, rather than with a sharp uptick," says Savills.
Mortgage lending rises back above pre-pandemic levels
Net borrowing of mortgage debt by individuals increased to £7.4bn in May from £4.2bn in April, according to the Bank of England's Money & Credit data. This is above the pre-pandemic average of £4.