The sales market in the real estate industry has experienced an uptick in buyer demand following a decline over the summer.
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.
According to the latest market report, the demand for homes in the UK has fallen by 18% in the past two months, primarily due to a spike in mortgage rates.
our report sheds light on the evolving landscape for first-time buyers, showcasing their resilience in the face of higher mortgage rates and offering strategies to navigate affordability challenges.
The housing market is moving towards a soft landing, with demand for homes at its highest level this year, and the probability of a major price correction remaining low.
The market is on an upward trend, with the demand for homes reaching its highest level since last October. All areas are registering an improvement in market conditions.
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