BUYER interest is on the rise, signalling the emergence of green shoots in the
House sales in the first six weeks of 2024 are 16 per cent higher than over the same period last year, and three per cent higher than pre-pandemic.
According to
Average house prices are also up by 0.1 per cent compared to last year, following annual falls in every month since
"Buyers now have more choice of property for sale and many are still very price-sensitive, with mortgage rates remaining elevated. Sellers who are serious about moving would be well-advised to ride this wave of increased buyer confidence with an attractive asking price before any preelection jitters or unexpected events dampen the momentum."
Despite the
Mortgage rates have declined, in response to cooling inflation, however remain around three per cent higher than their
(c) 2024 City A.M., source