Savills residential research

"Growth across prime regional markets remains muted as the buoyancy of the pandemic recedes and the October Budget looms on the horizon. But the August interest rate cut has stimulated growing demand among mortgaged buyers, which is likely to feed into a gradual recovery"

"As the rate of rental growth continues to slow across the prime markets, greater alignment on rental expectations will be essential, especially as the market faces changes from the upcoming Renters’ Rights Bill"

"Prime Scottish sales activity picked up post-summer, although pricing is under pressure due to high levels of available stock. Looking ahead, whilst a possible increased tax burden might impact sentiment, underlying demand for well-presented and realistically priced properties will support transactional growth."

"Questions around the outcome of the October budget have weighed on those involved in the prime central London market, overshadowing the benefits of lower mortgage rates felt by some buyers in outer prime markets."

"A decade of adaptation"