Sales rates still high

In this quick read we look closely at the property market stats prior to the impact of higher interest rates and inflation in Q3

The lag in housing market data means that key indicators for the UK sales market are not yet fully reflecting the pressure on affordability created by higher inflation and rising interest rates.
The number of Sales Agreed and Exchanges in Q3 2022 were both higher than pre-covid (Q319), while the numbers of Price Changes and Withdrawals remain low.
That said, fall throughs have risen by 18% and they are generally thought to be a signal of market pressure ahead. The 0.75 interest rate rise announced on 3rd November seems likely to dampen activity further.
As affordability is squeezed, cash or equity-rich buyers will be in a strong position, as long as they can find a property available to buy.
Source: Dataloft, TwentyC

Get in touch with us

First Name

Last Name

Your Email Address

Mobile Phone

Are you looking to

Buy

Sell

Rent

Let

Please enter message here

Please confirm that it is okay for us to contact you about this information as well as our products and services. By confirming, you also agree to the use of cookies to enhance your experience. (You will always have the right to unsubscribe or manage your cookie preferences at any point in the future.)

Confirm

Attleborough First-Time Buyers: It’s Tough, But Not as Tough as You Think

Buying your first home in Attleborough is never easy, but it’s not as impossible as headlines suggest. While prices are high, history shows affordability is improving—mortgage costs now take a smaller slice of income than in past decades, giving today’s buyers more breathing room.

CLICK HERE >

A Non Estate 3-Bedroom Semi-Detached House In Attleborough with West-Facing Garden & No Onward Chain

Located in the popular Constable Close off London Rd, Attleborough, this 3-bedroom semi-detached home offers a lounge off the entrance hall, fitted kitchen/diner, refitted bathroom, garage, and west-facing garden backing onto a play park, the property is offered with no onward chain.

CLICK HERE >

Falling Rates Bring Relief for First-Time Buyers

Falling mortgage rates are bringing welcome relief to first-time buyers. Monthly repayments on the average UK first-time buyer mortgage are now around £355 less than three years ago — easing financial pressure and making homeownership feel more achievable for many ready to take their first step onto the property ladder.

CLICK HERE >

House Prices over the last 50 years

Over the past half century, the British housing market has transformed beyond recognition. 🏡 House prices have risen dramatically, far outpacing inflation and wages. For some, the gains have been life-changing — for others, the climb onto the property ladder feels steeper than ever. Share your 1970s Attleborough stories below! 💬

CLICK HERE >