Related topic: Housing market

The Novello Group works with estate agents, mortgage brokers, solicitors and consumers across England and Wales.

Inflation slowed for the third consecutive month in England, mainly due to a sharp slowing in the annual rate for the South West.

48% of homebuyers are either already sitting on the sidelines or considering doing so until the government has shown its hand.

The data points to a weaker Q4 as buyer demand remains subdued and rising swap rates put renewed pressure on mortgage affordability.

Cotality holds a database of over 150 million property records and monitors around 30.9 million properties daily for events that affect value and risk. 

Average house prices edged down in August as the market remains subdued.

House prices rose 0.2% month-on-month.

Higher borrowing costs and uncertainty around inflation, mortgage pricing and the wider economy has made households more cautious about committing to a purchase.

For 38%, a buyer or seller dropped out but the chain was eventually restored or saved. However, 7% saw their chain break down completely.

iamproperty's digital solutions support estate agents across the entire buying, selling and lettings process.