Property Market News
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.
Town & Country: Simon Usborne on the Siege of Londongrad
London's position as playground for Russia's super-rich is "a party that had already peaked by 2014" and "is surely now over," writes Simon Usborne in Town & Country magazine.
Coastal competition cools as city property markets heat up
Buyer and tenant demand is still running very high in many seaside locations, but Rightmove points to a marked slow-down from the frantic activity of 2020 and 2021.
Prime London’s property market hits a ‘sweet spot’ as buying activity picks up
"The prime London property market is in a sweet spot," declares Knight Frank's research team, as buyer demand bounces back and the supply of homes available to buy picks up.
Has London’s property price premium bottomed-out?
JLL has made some bullish forecasts for London's property market
The Sunday Times: Why one in ten properties are sold in secret
"Frenzied demand from buyers and a shortage of properties for sale have led to a boom in off-market sales, where homes are sold without being listed on an estate agent’s website or a property portal," w…
Super-rich buyers race to Monaco as economic warning lights flash red
Against a volatile economic backdrop, the security and privacy Monaco offers is not going unnoticed by wealthy buyers, reports Knight Frank
Estate agents report drop in buyer demand, but house prices continue to climb – RICS
Property prices may prove "resilient" in the face of rising interest rates and costs of living, but transaction numbers are "likely to slow as the year wears on," warn surveyors.
Asking price to sold price gap shrinks
Average asking prices are rising at a slower pace than achieved sold prices, according to some analysis by London estate agency Benham and Reeves.