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 products and services. (You will always be given the right to unsubscribe at any point in the future)

Confirm

An attractive recently redecorated 2 bed house with a garage, centrally located in the town.

A beautifully redecorated home, perfect for first-time buyers, situated in a central town location. Featuring a modern fitted kitchen and bathroom, a spacious lounge/diner leading to a low-maintenance enclosed rear garden, a garage at the rear, and the convenience of no onward chain.

CLICK HERE >

A Superb 5-Bedroom Barn Conversion with Versatile Accommodation in the Broadland Village of Lingwood

An impressive 5-bedroom barn conversion which has undergone a recent programme of updating and refurbishment, showcasing open-plan living, vaulted ceilings, walled patio garden and versatile accommodation providing various lifestyle options, situated in the well served Broadland village of Lingwood.

CLICK HERE >

56 Days to Sell an Attleborough Home!

If you're an Attleborough homeowner or landlord thinking of selling, you’ve likely wondered how long it might take to find a buyer. Sale times vary by location, property type, and price. I’ve analysed the latest data from 82 local sales agreed during March, April and May of this year to give you a clear breakdown by type and number of bedrooms.

CLICK HERE >

Attleborough: Homes Owned with a Mortgage – A Localised Snapshot

This snapshot explores the landscape of mortgaged homes in Attleborough today, including an overview of properties in the UK that are owned outright, with a mortgage or privately and socially rented.

CLICK HERE >