Number of £1 million homes for sale doubles since 2019

A large house for sale in Berkshire, England

New analysis from Rightmove shows that the number of homes for sale priced at £1 million or more has doubled (+103%) across Great Britain over the last six years. Just over 5% of homes for sale are now priced at over £1 million, versus just under 3% in 2019. The analysis, which looked at homes […]

Demand is up and buyer choice is at a 10-year high, says Rightmove

A row of five small wooden houses, with a further wooden house in a shopping trolley

Rightmove’s latest House Price Index shows a 3% increase in buyer demand compared to this time last year, along with a decade-high level of homes for sale. Data from the largest monthly sample of housing market activity reveals a ‘resilient’ buyer picture, with the highest number of sales agreed since March 2022 – 6% higher […]

Buyer demand ‘struggling for momentum’ but stable picture is emerging – RICS

Four people look in an estate agent window on a sunny day

The Royal Institution of Chartered Surveyors (RICS) UK Residential Survey for May reveals a subdued housing market, with buyer demand and agreed sales still struggling for momentum but near-term expectations looking more stable. Although indicators on buyer demand remain negative for the fifth consecutive month, with a net balance of -26% of survey participants reporting […]

Bank of England mortgage figures reveal ‘nuanced market’ with ongoing pressures

The signage outside the Bank of England viewed from below

The Mortgage Lenders and Administrators Statistics from the Bank of England reveal the total value of gross mortgage advances in Q1 increased by 12.8% from the previous quarter – up to £77.6 billion, the highest for new advances since 2022 Q4 and 50.4% higher than a year earlier. New mortgage commitments (agreed lending yet to […]

Market resilience will continue in coming months – Halifax

A basic wooden model of a home balanced with a pile of coins on top of a wooden ball

The resilience of the housing market in the face of affordability challenges and an uncertain economic backdrop is set to continue, according to Halifax’s head of mortgages. Commenting on the release of the Halifax House Price Index for May, Amanda Bryden said the market appears to have absorbed the surge in activity driven by changes […]

Newbuilds falling out of favour with first-time buyers

A newbuild house with a for sale side fixed to the front

Only 8% of first-time buyers in the UK are opting for newbuild homes, in a steady decline since 2022 when the new properties were favoured by 10% of new homeowners. According to data from CompareMyMove, only Scotland has seen an increase in popularity for brand new homes within the last year, with a 2.43% rise […]

Older homeowners support digital homebuying, OPDA research finds

A close up shot of an older-looking couple receiving the key to a house

An OPDA survey of 5,000 homebuyers and sellers has found strong support for digitising the homebuying process amongst older movers, with a large majority of buyers aged 65 and over agreeing it’s a good idea. The Censuswide survey of people who had bought or sold a property within the last five years found that 70% […]

Market ‘remains resilient’ as Nationwide’s May index shows 0.5% increase

A Nationwide Building Society sign on a glass-front building

Market activity is ‘holding up well’ following stamp duty changes, according to Nationwide’s chief economist, with industry leaders welcoming continued signs of resilience. Commenting on the release of the building society’s monthly house price index, Robert Gardner said that despite wider economic uncertainties in the global economy, ‘underlying conditions for potential home buyers in the […]

Property industry unfazed by steep decline in HMRC monthly transaction data

A 3D graphic showing the outline of a red house shaped by an arrow, with the arrow falling off the edge of a surface

Property industry experts continue to be optimistic about the housing market, despite the latest UK monthly property transaction data showing a steep decline. HMRC’s non-seasonally adjusted residential transactions decreased by 66% in April 2025 relative to March 2025 – the highest month-on-month decrease since records began for non-seasonally adjusted figures. The provisional seasonally adjusted estimate […]

First-time buyer offers ‘dropped by 55% since stamp duty changes’

A 3d graphic of three small wooden model houses with a red arrow pointing downwards placed across the top

Market data from estate agency software provider Alto reveals a sharp downturn in first-time buyer demand since the government’s stamp duty changes on 1st April. The data, which is based on activity from 6,000 UK estate agents, shows a 70% increase in first-time buyer registrations in early 2024, but by the first quarter of 2025 […]

Developers could be penalised for slow build rates

A policy paper published by the government over the weekend has outlined how it could get tough on slow housing developers in an effort to ‘get on and build’ the 1.5m homes promised in this Parliament; including penalising those responsible for slow build rates and unfinished sites. ‘Planning Reform Working Paper: Speeding Up Build Out’ […]

Highest buyer demand since 2022, with 437,000 sales agreed this year

Multiple 'for sale' signs outside a row of houses

Figures from property data specialists TwentyEA, gathered by real-time tracking of over 99% of property listings, reveal that buyer demand is 7% higher than this time last year. Demand is highest in the North West, which saw year-on-year growth of 12% across the region, followed by Wales with 10%. Increases were seen across all price […]

BSA and leasehold drive referrals to national fee-share scheme

Transactions involving the Building Safety Act, leasehold and enfranchisement matters and where transactions present a conflict of interest are driving a 45% increase in referrals to fee-sharing scheme LawShare.  Launched by JMW in 2011, LawShare mirrors similar schemes like Connect2Law which was pioneered by Manchester’s Pannone Solicitors, offering firms a split of the fees for […]

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