Birmingham’s property market could be facing an interesting period of change, with new research highlighting the enormous potential for additional housing to be built around railway stations and transport hubs.

One of the biggest talking points this week has been the 11% week-on-week drop in sales agreed and a drop of 2% on the average asking price of a newly listed properties. While some seasonal softening is entirely normal during the summer holiday period, the scale of this fall has caught the attention of the property industry.

The UK mortgage market is moving once again, with a number of major lenders increasing their mortgage rates as wholesale funding costs and swap rates rise. For anyone planning to buy, sell, remortgage or invest in property, this is an important development to keep an eye on.

The UK property market continues to face a number of challenges, with mortgage costs, affordability, economic uncertainty and the overall cost of moving all influencing buyer and seller decisions.