Price growth has been put on hold at the top of the market during the second quarter of 2024 given uncertainty...
Archive
03 July 2024
From: Breaking News
![Transactions ‘returning to pre-pandemic norms’ – claim](/upload/images/shutterstock_2294859419.jpg)
Residential sales have returned to more than 90% of their pre-pandemic average, Savills claims. It comes as the latest HMRC property transaction...
01 July 2024
From: Breaking News
![Revealed! The property hotspots for London leavers](/upload/images/Shutterstock-only%20images/Property%20Market/PropertyNews2-400x310.png)
Epsom and Ewell, Epping Forest and Dartford have been named as the top London leaver hotspots as buyers continue to move...
25 March 2024
From: Breaking News
![Savills: £5m-plus market slowed in 2023](/upload/images/Shutterstock-only%20images/Property%20Market/Housing_Market-400x310.png)
Momentum within London’s £5m-plus residential market slowed in 2023, according to Savills, but sales remain well above the pre-pandemic average. Research across...
18 January 2024
From: Breaking News
![Good for movers? Bank of England holds interest rates again](/upload/images/Shutterstock-only%20images/Property%20Market/_BankofEngland-1-400x310.png)
The Bank of England maintained interest rates at 5.25% yesterday, raising hope among agents that this would boost buyer confidence and...
15 December 2023
From: Breaking News
![Mortgage approvals hit three-month high but buyer caution remains](/upload/images/Shutterstock-only%20images/Property%20Market/MortgageApplication_400x310.png)
The number of mortgage approvals for house purchase has hit a three-month high, Bank of England data shows. Figures from the Bank...
30 November 2023
From: Breaking News
![Property sales slump in September as mortgage rates remain high - HMRC](/upload/images/Shutterstock-only%20images/Property%20Market/3-MortgageRates1.png)
The number of property sales recorded by HMRC is at its lowest level for almost a decade. New HMRC property transactions data...
01 November 2023
From: Breaking News
![Savills: Realistic pricing ‘crucial’ to keeping the market moving](/upload/images/Shutterstock-only%20images/Property%20Market/HouseForSale_400x310.png)
Prime London property values are not falling as far as the rest of the market but realistic pricing will be crucial...
05 October 2023
From: Breaking News
![Downsizers willing to move but held back by lack of stock - Savills](/upload/images/Shutterstock-only%20images/Property%20Market/HousePriceDrop-400x310.png)
A lack of stock and emotional attachment are the biggest constraints stopping homeowners from downsizing, research suggests. Analysis by Savills found half...
19 September 2023
From: Breaking News
![Cash and needs-based buyers driving prime markets - Savills](/upload/images/shutterstock_1696735198.jpg)
Cash purchasers, younger needs-based buyers and relocators are the driving force behind the current prime UK property market, according to research...
04 August 2023
From: Breaking News
![Savills: Price-sensitive buyers returning to ‘best in class’ £5m-plus homes](/upload/images/Shutterstock-only%20images/Property%20Market/PropertyNews2-400x310.png)
London’s £5m-plus residential market is back in business after a slow first quarter, according to new analysis from Savills. The agent does...
13 July 2023
From: Breaking News
![Savills: Price sensitivity is changing buyer expectations](/upload/images/Shutterstock-only%20images/Property%20Market/Help%20to%20buy%20equity%20loan.jpg)
Price sensitivity and a flight to quality is dominating prime London markets, research suggest. Analysis of second quarter property market activity by...
06 July 2023
From: Breaking News
![Higher interest rates are already hitting prime regional markets - research](/upload/images/Shutterstock-only%20images/Property%20Market/BalancingPercentages-400x310.png)
Higher interest rates have already softened UK prime regional markets but cities are proving resilient, Savills claims. Research by the agent shows...
03 July 2023
From: Breaking News
![Buyers paying 39% more for homes with larger gardens](/upload/images/Shutterstock-only%20images/Property%20Market/MortgageRates1_400x310.png)
Buyers are paying a 39% premium for homes with larger gardens, Savills claims. The agency brand analysed the relationship between garden size...
22 May 2023
From: Breaking News
![Savills: Sellers remain resistant as price sensitive hits the property market](/upload/images/Shutterstock-only%20images/Property%20Market/HousingMarket_400x310.png)
The gap between prime buyer and seller price expectations has widened, estate agents have warned, with the majority of buyers expecting...
03 April 2023
From: Breaking News
![Mini-Budget ‘hangover’ pushes property sales to record low](/upload/images/Shutterstock-only%20images/Property%20Market/PropertyStats-400x310.png)
February marked the slowest month for residential transactions in almost a decade, HMRC data suggests. New HMRC transaction figures shows the taxman...
22 March 2023
From: Breaking News
![Savills: Bank of Mum and Dad set for busier 2023](/upload/images/Shutterstock-only%20images/Rental%20Market/AdultChildren-400x310.png)
It was a busy 2022 for the so-called Bank of Mum and Dad and 2023 could be more manic for parents,...
15 March 2023
From: Breaking News
![Land Registry: House prices ended 2022 in negative territory](/upload/images/Shutterstock-only%20images/Property%20Market/HousePriceDrop-400x310.png)
Annual house price growth slowed in December and ended the year negative on a monthly basis, the latest Land Registry figures...
16 February 2023
From: Breaking News
![Interest rate rise: Property market braced for sales drop](/upload/images/Shutterstock-only%20images/Property%20Market/BankofEngland_4-400x310.png)
The property market has been warned to expect fewer sales and more expensive mortgages after interest rates were raised for the...
03 February 2023
From: Breaking News
![Property sales fell 15% in 2022 - HMRC](/upload/images/Shutterstock-only%20images/Property%20Market/DemandDown-400x310.jpg)
Agents sold 14.7% fewer properties during 2022 amid the end of the Stamp Duty holiday and increased economic uncertainty, HMRC figures...
25 January 2023
From: Breaking News
![Everything You Need To Know About the 2023 Housing Market](/upload/images/Shutterstock-only%20images/Seasonal%20Photos/2023HappyNY-400x310.png)
New year, old worries: what’s happening in the housing market? We’ve asked experts and collated forecasts, 15 in total. On the one...
07 January 2023
From: Features
![Monthly sales growth slows as buyers hold off - HMRC](/upload/images/Shutterstock-only%20images/Rental%20Market/Estate_Agents-400x310.png)
Property sales are yet to decline amid higher mortgage rates and the cost of living crisis but there are signs of...
22 December 2022
From: Breaking News
![Savills: New Year property market will shift to 'needs-based' buyers](/upload/images/Logos/Savills-NEW-logo400x310.png)
‘Needs-based’ buyers will dominate the property market in the early part of 2023 while equity-rich lifestyle buyers will have their moment...
20 December 2022
From: Breaking News
![Cost of living – most buyers now consider energy consumption before buying](/upload/images/Shutterstock-only%20images/Energy%20and%20Green%20Homes/_EcoHome-400x310.png)
Research by property firm Savills has revealed that a large majority (77%) of buyers say that the potential energy consumption of...
12 October 2022
From: Breaking News
![Property buyers reducing budgets amid cost of living crunch - Savills](/upload/images/Logos/Savills-NEW-logo400x310.png)
Buyers are starting to reduce their budgets and the level of urgency in the market has declined, Savills warns. The agent suggested...
15 September 2022
From: Breaking News
![PCL to outpace best-performing lockdown markets over next five years, says Savills](/upload/images/Logos/Savills-NEW-logo400x310.png)
Savills has released a revised five-year forecast for the UK’s prime housing markets, to reflect the strong levels of activity in...
05 August 2022
From: Breaking News
![Bank of Mum & Dad set to lend £25bn to children over the next three years](/upload/images/Housing%20Market%20%26%20Property%20Images/BankofMuM-400x310.png)
Research over recent years has regularly pointed to the Bank of Mum & Dad being one of the UK’s biggest lenders,...