Prime Regional House Prices – Q1 2024
"As the mortgage markets improve confidence has returned to the prime regional markets outside of London. This has seen values bottom out over the first three months of the year as market conditions stabilise"
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"As the mortgage markets improve confidence has returned to the prime regional markets outside of London. This has seen values bottom out over the first three months of the year as market conditions stabilise"
"Market uncertainty and economic fluctuations has led to a price-sensitive market. Committed sellers will need to price sensibly to generate the most interest"
"Prime Scottish sales have picked up post-summer, with prices holding steady. Looking ahead, the market will continue to be supported by cash purchases. But with more choice for increasingly discerning buyers, appropriate pricing is now essential to maintain the rate of agreed sales"
"Debt and equity have shaped the sales and rental markets this year – what do we expect to see this autumn?"
"As pressure on buyers’ budgets increases, committed sellers need to price in a way that reflects the prevailing macroeconomic conditions"
"Prices stabilise across prime regional markets following mini-budget dip, but realistic pricing will be critical over the coming months"
"Markets further from London, where mortgage affordability is least stretched, have been most robust, with properties in the Midlands and North, Scotland, and the South of England beyond the commuter zone seeing the smallest price adjustments"
"Over the past three months, the prime regional housing market has shown subdued levels of price growth, off the back of two years of strong appreciation in capital values."
"Following two years of unprecedented growth in the UK’s prime regional markets, the market has started to readjust and price growth is softening."