Residential Property Review – March 2025

Housebuilding falls to seven-year low as planning delays persist   Housebuilding in England has dropped to its lowest level since 2017, excluding the pandemic period, with just 217,911 new homes completed in 2024.   This marks a 6% decline from 2023’s total of 231,000 and continues a four-quarter trend of falling completions, according to Energy Performance Certificate […]

Residential Property Review – October 2024

Improving conditions in the residential market  Activity in the residential property market is picking up as house prices continue to show modest growth, according to Savills.   In August, mortgage approvals were only 3% below pre-pandemic levels. In September, sales agreed and new instructions were 8% and 9% above their respective 2017-2019 averages, highlighting that supply […]

Residential Property Review – September 2024

Recovery in the residential market  Recent data indicates that the residential property market is continuing to recover.   According to TwentyCi, in the period from June to August 2024, sales agreed were only 1% lower than pre-pandemic levels. Promisingly, the number of new property listings was up 3%, indicating growing confidence among sellers. Meanwhile, Bank of […]