Things Are Looking Up in the Property Market – Here’s Why ⬆️

Did you know that the number of property hunters out in force is up by 14%*?

So, what’s driving this increased demand?
Let’s take a look.

Interest rates
For much of 2023, interest rates were high, and many feared they could go even higher. But with the Bank of England holding rates steady late in 2023 and lenders dropping mortgage rates early in the new year, the outlook is now much brighter.

As a result, many buyers who delayed making a move last year are now entering the market.

Resilience
Some dire predictions about what could happen in the housing market circulated last year. Thankfully, the doom merchants were wrong, and the average UK home is worth 18% more now than it was pre-lockdown in March 2020.**

So, buyers wondering if property is still a good investment need be in no doubt.
Contact us today to arrange a free property valuation.
Tel 01724 487297