logo
倫敦 icon
icon 倫敦 icon
新聞與資訊
UK Property Market Spring 2024 Dynamics
五月 15, 2024
UK Property Market Spring 2024 Dynamics 倫敦
By   Internet
  • 城市報
  • UK property
  • property market
  • spring housing market
  • soaring rents
Abstract: The spring of 2024 brings promising signs for the UK real estate market, particularly as many potential buyers deem it an opportune moment, while the rental market continues to grapple with challenges stemming from supply-demand imbalances.

The UK real estate market has witnessed a series of shifts in recent months. From March 2024 to date, the average asking price for UK homes has risen by 1.1%, reaching £372,324. Although this increase is slightly lower than the historic peak recorded in May 2023, it still indicates market vitality. Notably, this rise is primarily attributed to increased demand for "top-end" properties, typically the highest-priced properties, including four-bedroom detached houses and homes with five bedrooms or more. This year's price surge also marks the highest level seen in the past decade.


Several factors contribute to this surge in activity. Firstly, since the mini-budget in September 2022, the rise in mortgage interest rates led some prospective home movers to pause their plans. However, with time, this pent-up demand is being unleashed, particularly in the top-end residential market. Now, home movers have greater confidence in the stability and reliability of the market.


null

Internet


Meanwhile, despite increased overall market activity, first-time buyers face more challenges. They typically seek higher loan-to-value (LTV) mortgages, which often come with higher interest rates. In contrast, buyers with more funds and greater home equity can access lower rates.


null

Internet


Looking at long-term trends, the UK real estate market experienced some fluctuations in the latter half of 2023. Overall, average asking prices dipped slightly, but towards the end of 2023, prices began to tick up slightly due to a record number of sellers listing their properties. The increased activity this spring has also driven price rises, indicating optimism among new sellers in pricing their properties.


As for the rental market, despite a decrease in tenant inquiries, the market remains active. Shortage of supply continues to drive rents upward, with the UK average monthly rent setting records for the 17th consecutive time, particularly pronounced in the London area. Although the number of properties available for rent has improved, the market still lags behind pre-pandemic levels, suggesting that tenants may still face challenges.

留言
icon
請輸入您的國籍
+87
不能為空
電子郵件地址無效 電子郵件地址未驗證!
icon
歡迎訪問 House.com
登錄或註冊以充分利用您的體驗。這也將增加您與經紀人交流的機會。
請輸入有效的電子郵件地址。
繼續使用 Google
提交即表示我接受House.com的   使用條款
icon icon
驗證您的電子郵件
你好 我們剛剛將驗證碼發送到您的電子郵件中。 請檢查並在此處輸入驗證碼以繼續登入。
驗證碼錯誤
沒有收到電子郵件? 請檢查您的垃圾郵件資料夾
icon
banner
UK Property Market Spring 2024 Dynamics
icon 複製鏈接
icon WhatsApp
icon Facebook
icon Twitter