The market is on an upward trend, with the demand for homes reaching its highest level since last October. All areas are registering an improvement in market conditions.
The rental market in the UK has been experiencing a period of high demand and activity, with rents rising well above earnings growth for the past two years.
Homebuyer demand has rebounded in the first two months of 2023, although it remains at 50% of the level recorded a year ago. The report also reveals that sales volumes have recovered but are still low
The UK rental market has experienced a significant increase in private rental prices in the past year, with the latest data revealing the largest annual percentage change since January 2016.
Mortgage rates continue to fall and the number of product options has surpassed 4,000 for the first time since August 2022.
While the property market in the UK showed a slowdown in growth in the fourth quarter of 2022, demand has rebounded and is expected to improve further in the coming months.
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