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 […]

Residential Property Review – June 2024 

Housing market update  The UK housing market continues to show modest signs of recovery, according to the latest data from Savills.   Despite some house price growth, a significant upturn is considered unlikely until mortgage affordability improves.   Buyer activity continues to improve, as the number of sales agreed in May was 10% higher than the 2017-2019 […]

Residential Property Review – December 2023 

Sellers knock £18,000 off asking prices  Sellers accepted an average discount of £18,000 on their property sale in November 2023 – the highest average price cut in five years.   This is according to property portal Zoopla, which stated that high mortgage rates are continuing to impact housing affordability for buyers – meaning that sellers are […]