Market outlook– modest falls typify the market with sentiment to improve

Market outlook– modest falls typify the market with sentiment to improve

a brief market outlook!

  • Interest rates are deemed to be at, or close to their peak so any improvement should start to lift sentiment. For the rest of 2023, expect continued low sale volumes and some price volatility but spring 2024 could mark an upturn.

  • Whilst one more 25bp rise in the Bank Rate is expected however, anything beyond that would be a risk to the fragile shoots of improved sentiment. So too any reversal in the downward trend in inflation.

  • The shock of rapid changes to interest rates in Q3 2022 triggered sharp quarterly price falls over the winter, in Q4 2022 and Q1 2023 but since then the market has stabilised and prices are actually higher today than they were at end Q1 2023. Source: #Dataloft, Nationwide



Get in touch with us

Planning a move in 2025? With recent stamp duty changes, seasonal market shifts, and the average time it takes to sell a property, getting the timing right has never been more important. Here’s a guide to help you prepare your move strategically, so you can achieve the best outcome.

In our previous blog, we discussed why THINK Estate Agents is trusted by more landlords than any other agent in the area. But our success is not just due to our market expertise – it’s also down to our fully qualified lettings team, who bring a wealth of knowledge and professionalism to every property they manage.

With the days getting shorter and colder, dopamine décor could be just the thing to liven up your living space and lift your mood during the darker months.

With PM Keir Starmer warning it would be painful, the new government’s first Budget has been hotly awaited for some weeks now. In this article, we’ll look at what the Chancellor of the Exchequer, Rachel Reeves, announced – paying specific attention to what will affect the property market.