Happy 2024!
New year and, for some, new beginnings, and a change of address. What’s truly in store for 2024 is anyone’s guess, but some indicators suggest the following...
Housing Market
In the lead-up to Christmas, the UK housing market slowed down (as is usually the case). Fewer homes were put up for sale, leaving some buyers with fewer options and some sellers at an advantage. The rental market stayed competitive, with high demand but not enough properties, creating ongoing challenges. This data from the front line provides valuable insights for anyone looking to buy, rent or sell at the beginning of 2024!
Mortgage Market Trend
Recently, there's been a boost in the number of people looking for mortgages, and with the expectation of interest rates being cut further, more people may reconsider moving. If you're thinking about buying a house in 2024 then now might be a good time to explore your mortgage options.
Is Spring the Right Time to Sell?
If you're considering putting your home on the market in the coming months, it's time to start gathering up essential information that will help streamline your sale. If so, let’s hope you’re raring to go with what promises to be a fascinating year for the housing market. Interest rates are set to ease, tax cuts are rumoured for the spring and a General Election will happen sometime over the next 12 months. 2024 will be busy!
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