Market Reports

Every summer brings a unique set of property conditions and July 2024 has been no different. While sporting tournaments, school holidays and the small matter of a General Election were predicted to sway home movers, what do the official statistics reveal?

The election is over and a new Government has formed. As we enter into a period of adjustment and anticipation, it’s good to identify who the new movers and shakers are when it comes to the property market.

June is often a liminal time in the property market. The spring Bank Holidays are a distant memory, vacations are drawing closer and attentions start to turn elsewhere. Rest assured, deals are still being done and home movers remain active in the market.

May is traditionally a busy time for agents. The two Bank Holidays and warmer weather always encourages people to book valuations and viewings. This month there are other factors at play, as we discuss in our latest property market report.

A quarter of 2024 has already passed and we are entering into peak selling season. Between now and the end of the academic year there is still time to put your property up for sale, exchange contracts and perhaps even complete. Here’s the current mood of the moving market.

Spring traditionally sees a peak in property interest and there are signs that this is definitely the season to move home. Many of the metrics we monitor are on the up, starting with asking prices. The figures show confidence among sellers continues to build.

It was only two months ago that the property market was lauding the return of the Boxing Day bounce – the seasonal influx of buyers and sellers at the end of the year. Now, we’re interested to know if the intent to move home has translated into concrete action.

The ups and downs of property prices continue to fascinate many. After spectacular rises during the pandemic, and a temporary sense of panic when Liz Truss was in power, January shows how a more stable landscape has affected values. New data from Zoopla offers a great perspective.

December marked a year when we returned to what agents call ‘normal’ sales conditions. But what is normal? It means historically average mortgage rates, sellers having to be realistic when it comes to pricing and an absence of cataclysmic events.

Are you sitting comfortably? There’s lots to digest! Property announcements happened from the very start to the very end of November, affecting buyers, sellers, tenants and landlords. First, let’s set the scene with prices.

Propertymark’s latest report gathered responses from approximately 100 sales and 100 lettings agents 1st and 14th October 2023 for a great snapshot of the market. It found there were an average of 60 prospective buyers registered per branch, illustrating that there’s an appetite to move.

Buyer sentiment is favourable when looking at Rightmove’s October House Price Index. It found the number of purchasers enquiring about properties for sale is 8% higher now than in the same month in 2019. The portal discounts the pandemic years as they presented artificially inflated, incomparable conditions.

September was packed full of property information. There was news from all the big hitters, including the Prime Minister, major banks and the big portals. Here are the facts and stats shaping the current market.