Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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Bristol suburb is nation’s strongest sellers’ market says Rightmove
In England and Wales a typical estate agent currently has 27 properties for sale on their books, up from 15 last year but lower than the 31 in 2019.
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Estate agency warns over ‘profit crunch’ for landlords
Property investors who sell now are doing worse than those who took the plunge last year, Hamptons research shows.
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AGENT BLOG: This week’s inflation data will be vital for agents
Tom Bill says anyone buying or selling should watch Wednesday's inflation data closely as it will provide a good steer on the direction of interest rates.
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It’s not looking good! Property downturn to carry on say gloomy surveyors
The RICS survey shows that last month new buyer enquiries were down 45% and agreed sales 44%.
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Jeremy Prior: Record auction sales prove canny buyers are still out there
Between January and July Auction House sold 2,644 properties – more than ever before at this stage in the year – with money raised so far up over £25m from last year.
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MARKET: ‘Crazy’ average rent hits all-time high of £1,243 a month
HomeLet’s The Rental Index figures from July 2023 show UK average rents are continuing to rise, even in the UK’s typically cheaper regions.
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Lettings agency reveals 41% reduction in London property listings
Joint report from Savills and LSE shows rental market supply problems is causing problems most significantly for poorer renters in the capital.
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‘Reassuring resilience’ within housing market despite economic headwinds
Despite the headwinds of rising mortgage rates and inflation TwentyEA says the market is still performing well considering the economic backdrop.
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AGENT BLOG: Mortgage mayhem affecting prime market too
Knight Frank’s Tom Bill says government has created a chaotic lending market over the last 11 months that has unsettled buyers and sellers.
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Higher mortgage rates slow Covid-induced London exodus
Londoners accounted for 7.7% of all buyers outside the Capital during the first half of this year, outpacing the 2015-2019 average of 6.9%, although slightly below the 7.9% recorded in both 2021 and 2022.
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