Property Market News
The anatomy of a housing market downturn
Property markets "tend to follow a predictable sequence in downturns," says Capital Economics - and the pattern has already started in the UK and USA.
Second homes account for 29% of London property transactions
“Some may frown upon second home owners, but the fact of the matter is that the vast majority are buy-to-let landlords, not high-end homeowners restricting stock availability by purchasing rarely used h…
Demand for prime London property bounces back as top-end buyers return
"We’ve seen a real mark of intent from high-end buyers" in prime London, says estate agency boss, as demand climbs after slow start to the year.
Knight Frank raises property price forecasts as supply stays low
“House price growth is peaking as supply rebuilds and mortgage rates normalise," says Knight Frank's research chief, Tom Bill.
11% of homes listed for sale find a buyer with 14 days
GetAgent reckons some areas are seeing one in every five new property listings find a buyer within a fortnight.
‘No sign from agents that the good times have yet ended’ – Propertymark
Estate agents "continue to report a strong, stable market," says Propertymark, with 78% of sales being agreed above asking price.
Six Years On: UK Vs EU house price growth since the Brexit vote
Average house prices across the EU-27 have increased by 39% since 2016, while the UK has seen 31% growth.
‘Remarkable buyer & seller confidence prevails’ – OnTheMarket
An inevitable rebalancing of supply and demand "will take time", says property portal. Until then, "the ‘new normal’, an elevated version of the pre-pandemic market continues."
Asking prices rise to another record high – but the pace of growth slows further
"There are likely to be some month-on-month price falls during the second half of the year," says Rightmove.
Rental growth hits double figures – but it’s becoming cheaper to rent than to buy as mortgage costs climb
Central London rents are bouncing back hard from pandemic depths, suggests Hamptons' latest letting index.
Buying agency reports ‘a growing sense of caution amongst buyers and sellers alike’
Property market activity "has remained brisk" over the last month, says buying agency Garrington, although there's "a growing sense of caution amongst buyers and sellers alike, who have increasingly divided…
BoE bumps base rate up to 1.25%
Britain's central bank hikes interest rates again in a bid to curb inflation.