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 […]

Residential Property Review – July 2024

A new Labour government – what next for housing?   Following the Labour Party’s landslide election win, what changes might be in store for the UK housing market?   In the Prime Minister’s introduction to the King’s Speech on 17 July, Sir Keir Starmer stated “Too many people currently live with the threat of insecurity and injustice, […]

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 […]

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