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Fears of house prices plummeting were widely reported last year, with the rise in mortgage rates only adding to the levels of uncertainty. Yet according to recent Zoopla research more than half of UK homeowners saw their home values stay the same or increase over the course of 2023.
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The property market is looking positive this February, as the recent decrease in mortgage rates seems to have boosted optimism among buyers.
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There’s no denying its been an interesting start to the year.
The first weeks of January saw lenders easing mortgage rates in response to positive data about the UK economy, an increase in house sales and continued speculation that interest rates have peaked*.
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If you are looking for a perhaps more affordable way of finding a new home or entering the property ladder buying a leasehold property could be the best option for you.
Whether you are buying your first home or simply looking to relocate, it is essential that you understand the complexities of leasehold ownership.
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Rental demand still outstrips supply in the UK, and your property is unique, which is why it’s important to understand its true rental value.
Average rents for new lets increased by 12.2% in the year to September 2023, and are expected to increase by 5–6% in 2024.*
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Are you thinking of selling your home but worried about how long it could take?
The sale time may not be as long as you think.
