Jump in buyer demand
30th January 2023
Following two months of falls, average new seller asking prices rose by 0.9% in January 2023. This is the largest rise in prices at this time of year since 2020 and is indicative of sellers testing the market.
Rightmove are also reporting other signs of positivity in the market, although they acknowledge that it is early days. The week to 16th January 2023 has been the busiest for valuations since August 2022.
Notably, buyer demand is up by 4% compared to the same period in 2019 and 55% compared to the two weeks before Christmas. This is the biggest new year bounce since 2016.
Mortgage rates also continue to fall as interest rates soften, with some deals for first-time buyers now below 5%. It is a trend which is expected to continue and should encourage this segment of the market to become more active.Source: Dataloft, Rightmove, MoneySuperMarket
Where to Rent in Brighton: A Guide to the Best Neighbourhoods
24th January 2025
It’s that time of year again—Christmas has come and gone, the festive buzz is fading, and New Year’s resolutions are…
Employee of the month – December
14th January 2025
We are thrilled to announce that Firdows, our dedicated Finance Administrator, has been awarded the Employee of the Month! Firdows…
Renters Rights Bill update
14th January 2025
The Renters Rights Bill returns to the House of Commons today, 14th January 2025. MP’s will be discussing the latest…
