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The Latest Breaking News from Richard Donnell

London house prices rise for the first time since April 2023

New data finds green shoots in the London property market but it’s a mixed bag across the capital

Evening Standard

Homes with asking price reductions take twice as long to sell, says Zoopla

About a fifth of homes on the market had the asking price reduced by 5% or more in August, the property website said.

The Independent UK

London rents "have over-shot" as rental inflation slows to lowest level in almost three years

Rental inflation for new lets it is the lowest it has been in three years as demand falls

Evening Standard

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London house prices keep falling — but which inner boroughs are swimming against the tide?

London homes are still selling for £27,000 below asking price on average as mortgage rates bite

Evening Standard

UK house prices expected to rise over second half of year, says Zoopla

Larger number of homes for sale will help push up prices by 2%, says property portal

The Guardian - UK

House prices likely to rise more slowly than household incomes, says Zoopla

The property website said current house prices are ‘over-valued’ in terms of affordability by nearly £20,000.

The Independent UK

Typical first-time buyer mortgage payment in London is now £2,393 a month

First-time buyers now face paying £227,757 for a home, rising to more than half a million pounds in London, Rightmove said

Evening Standard

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How can first-time buyers get ahead in the tough property market?

Property and mortgage experts offer their tips to cash-strapped would-be homeowners.

The Independent UK

Demand for London rental properties plunges 28% as first-time buyers escape renting trap

London rent has become so unaffordable that rent rises are finally slowing, reports Zoopla

Evening Standard

The supply of homes for sale is the highest it’s been for 8 years – this is why it’s a good thing

Zoopla’s latest report reveals why the housing market is turning for the better

Ideal Home

What could the General Election mean for London's property prices and rental reforms?

Will the property market summer slowdown start early? Or could we get a Rishi Rebound or Starmer Spring-up?

Evening Standard

Zoopla reveals monthly mortgage repayments are the highest they’ve been in the last 3 years

The report shows homeowners pay 61% more on monthly mortgage payments today than in 2021

Ideal Home

London houses still selling for £19,500 below asking price but market is springing back

The average price of a house sold in London currently stands at £534,000, reports Zoopla

Evening Standard

What does the Spring budget 2024 announcement mean for renters, homeowners and landlords

Chancellor Jeremy Hunt delivered his annual Spring budget and experts are disappointed

Ideal Home

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Ideal Home

Thinking of moving home in 2024 but not sure it's a good idea? This is what the property experts want you to know

We’ve asked the experts for their views on whether 2024 is a good year to move home

The Independent UK

Cash buyers have accounted for around a third of home sales in 2023 – Zoopla

People buying homes without a mortgage are often older, wealthier and buying cheaper properties.

Ideal Home

Zoopla has good news for renters in 2024 – rental prices are finally slowing down, but don't celebrate just yet

Zoopla reports the growth of rents is set to slow down in the new year – signalling the tide of the rental market turning

The Independent UK

Annual pace of UK rental prices growth expected to halve by end of 2024

Annual rental prices growth is running at 9.7% but Zoopla expects this to slow to 5% by December 2024.

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The Guardian - UK

‘A buyer’s market’: average £18,000 knocked off UK property asking price, says Zoopla

Average discount stands at five-year high despite ongoing long-term shortage of homes for sale

The Independent UK

£18,000 typically ‘shaved off’ asking prices to achieve house sales – Zoopla

In London and the South East, sellers are discounting properties by around £25,000, according to new figures.

Evening Standard

London house prices fall as UK market undergoes most dramatic slowdown since 2009

Homes in London are better value for money, reports Zoopla, but higher mortgage rates have impacted sales

The Independent UK

Prices falling in most local housing markets in UK, Zoopla finds

All local markets in London, South and East England registered annual house price falls.

Evening Standard

OPINION - The London Question: Is this the answer to our housing crisis?

Rents are soaring, yet offices go unused in Canary Wharf and the City as we WFH. Can’t they be turned into new homes?

The Guardian - UK

German inflation falls to 4.5%; UK home sellers increase discounts; mortgage rates ease – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

UK house prices declined at fastest rate since 2009 in August

Demand among home buyers has fallen, but in the rental sector there is a ‘yawning gap’ between the strong demand for homes and supply, Rics said.

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