Greycoat Real Estate Predicts An Improved Housing Market

by qiww8309te9jg99430erigj9
April 26, 2024
279

According to Greycoat Real Estate Agency the UK housing market’s seasonal spring bounce shows an improving outlook in sales and an 8% increase in buyer demand, the most since February 2022. Even with the stability in house prices, the market is still showing steady improvement rates. Plus, there has been a steady increase in new listings for the past 4 months.

Greycoat Real Estate predicts more improvement in the housing market in the coming months. Over the next 3 months home sales volume and activity is expected to increase and is predicted to rise significantly over the next 12 months.

Steady Rental Demand

Research done by Greycoat Real Estate shows tenant demand remained positive in March. However, over the next three months, rental prices are expected to rise. Plus, recently the ‘Levelling Up, Housing and Communities (LUHC) Committee’ of the UK government said it will begin an inquiry into the process for increased home buying and selling.

This, to determine if they are fit for the purpose and whether improvements need to be made, Greycoat specialists add. They explain how RICS agents and surveyors will provide professional advice to ensure consumers will get the information they need before making this type of major purchase to reduce transaction times and fall-throughs.

Lower Interest Rates

The professionals at Greycoat Real Estate see inflation easing and anticipate the Bank of England lowering interest rates towards the end of 2024. However, mortgage rates are expected to remain higher than in 2020 and 2021 and UK home prices may increase by 3% this year.

According to Greycoat Real Estate Agency the UK housing market’s seasonal spring bounce shows an improving outlook in sales and an 8% increase in buyer demand, the most since February 2022. Even with the stability in house prices, the market is still showing steady improvement rates. Plus, there has been a steady increase in new…