It has to be said, 2024 is not unfolding as planned for the uk housing market. Lending outlook improves but risks will remain in 2024.
And though a small rise, stable asking prices are a sign that sellers aren’t feeling the need to come to market with a lower asking price in order to find a buyer. It’s time to fix our broken housing market.
Uk Housing Market Chart Pack (Feb.
Property sector residential sales world regions uk.
Average Uk House Price Annual Inflation Was Negative 0.6% (Provisional Estimate) In The 12 Months To January 2024, Compared With Negative 2.2% (Revised Estimate) In The 12 Months To December.
In the wake of the pandemic, the uk housing market experienced significant capital value appreciation, which has since been tempered by rising mortgages, says lucian cook mrics, head of uk residential research, at savills.
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Next Year, We Predict That Average New Seller Asking Prices Will Be 1% Lower Nationally By The End Of 2024, As Competition Increases Among Sellers To Find A Buyer.
New seller asking prices have seen an annual increase for the first time since july 2023, taking the average to £362,839 (+0.1%).
It Has To Be Said, 2024 Is Not Unfolding As Planned For The Uk Housing Market.
We expect that average uk house prices will edge up by 1% this year.
