The UK property market has witnessed a robust start to 2024, marked by a rebound in sales activity. The market conditions have improved, driven by sub-5% mortgage rates.
The UK rental market has been characterized by a persistent supply-demand mismatch over the past three years, resulting in a substantial increase in rents for new lets.
The property market in the final quarter of 2023 exhibited robust performance, with above-average new sales and a supportive trend in prices. Various factors, including rising incomes.
The UK rental market in November 2023 experienced a slight slowdown, characterized by a monthly decrease of -0.3%. Despite this minor dip, year-on-year rental prices continued their upward trajectory.
Our latest comprehensive report delves into the multifaceted repercussions of this shift, revealing trends in transactions, pricing, and buyer behavior
The market is adjusting to higher borrowing costs, with interest rates held steady at 5.25%.
The sales market in the real estate industry has experienced an uptick in buyer demand following a decline over the summer.
18 months of double-digit rental inflation! Despite a 20% decrease in demand compared to last year, the demand for rented homes is still 51% above the 5-year average.
The housing market is facing challenges due to higher mortgage rates and cost-of-living pressures. This has resulted in weaker demand, fewer sales, and low house price growth.
The rental market in the UK continues to face high demand and rising rents, with little sign of relief in the near future.
The UK rental market continues to experience rapid growth, posing risks for both tenants and landlords. There is a growing concern that tenants across the country may struggle to pay their rent.
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