Market Analysis

The sales market in 2023 has started in a far more stable and positive fashion than the final months of 2022. We have seen a 23% increase in the numbers of buyers entering the market and with levelling mortgage rates and increased flexibility on borrowing parameters we have seen a 40% increase in the number of offers we are receiving for our properties for sale. All talk of price crashes have ceased and indeed the green shoots of price recovery can be seen in more and more news sources making it a matter of time until this becomes mainstream news.

For lettings there has been zero let up on the incredible increases we saw on achieved rents for our landlords in 2022. 2023 has started in exactly the same fashion, new searches for rental properties have increased 12% on the same period in 2022. This coupled with a decreased number of available rental property as a whole has driven activity to all time levels in all of our operational areas.