‘The outlook for the prime rental market remains robust’ despite slower growth

Surveyors noted 'a steady improvement in buyer demand across the residential market' in November - but warn 'the broader macro environment is likely to pose additional headwinds moving forward.'

'There are signs that the UK rental market will turn in 2024,' says Richard Donnell; 'rents are reaching the maximum affordable price and rental demand is starting to slow.'

'Best-in-class stock is still moving quickly, but broadly there is much less urgency in the market,' says Savills.