Blog - Residential sales
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Glad tidings for a festive bounce!
Friday, December 15, 2023
Glad tidings ahead of Christmas from The Royal Institution of Chartered Surveyors November Residential Market Report which revealed that cheaper mortgages are having a positive impact on the prospect of a more buoyant property market in 2024. With interest rates held for the third review in a row by The Bank of England, and some economists forecasting a rate cut at the next review, we should see more buyers having the confidence to start their property search soon after Christmas.
Snuggle up! Winter’s coming.
Friday, October 27, 2023
As the clocks go back this weekend and the evenings get darker earlier, you can still do a lot - from wood burning stoves to draught excluders - to keep heating bills down and make your home cosy this winter. It may be cold, wet and windy outside but your home can be a relaxing haven after a long day. So have a look at our top tips to cosy up and get ready for winter.
Property Sentiment remains strong
Monday, October 23, 2023
Headlines from On the Market’s October Property Sentiment Index (reporting on September data) show a housing market that is holding up as the interest rate hold added some welcome stability for homeowners and buyers alike. 74% of active UK buyers were confident of purchasing a property within the next 3 months while 61% of UK vendors were confident that they would sell their property within the next 3 months. So no major shift in sentiment among buyers and sellers in September; those motivated to proceed just simply got on with it.
Rates cut and fall-throughs down as market shows resilience
Thursday, August 24, 2023
TwentyCi, which analyses 99.6% of all UK sale and rental moves, provides a comprehensive review of the UK property market. Its Q2 Property & Homemover Report shows a UK housing market which is holding up well despite some tough economic conditions. According to the latest market update, there are ‘no signs of a housing market crash,’ based on Q2 sale volumes and a significant 70% of all properties listed being sold thus far in 2023.
Summer Living
Wednesday, August 9, 2023
Although it may not feel like it at times, Summer is here! And if you haven’t done so already, now’s the time to transform your outdoor space ready for some late summer sunshine. Instant changes are well worth making even if you’re thinking of moving. Whether you are getting your property ready to sell or are renting a property you can make stunning changes that are inexpensive or that you can take with you when you move. Here’s some inspiration to suit all budgets and ideas that you can tailor to your specific needs.
Buyer confidence remains high
Monday, July 24, 2023
Buyer confidence remains high with 73% confident that they will purchase in the next three months as long as the price is right, according to the latest OnTheMarket Property Sentiment Index. Jason Tebb, CEO of OnTheMarket, said buyer and seller sentiment was not shaken during May, despite interest rate rises and mortgage product availability and suggested that the softening of house prices in some areas was the reason for both buyer and seller confidence. “There’s more choice of stock than has been the case for a while and if you can afford to buy, now is a great time to make a move. Although some buyers will inevitably be worried about higher mortgage rates, there seems to be a growing realisation of the need to adapt to a new, elevated level of pricing, in place of the unsustainable rock-bottom rates of the past.”
