logo
伦敦 icon
icon 伦敦 icon
新闻与资讯
The UK Real Estate Market: Hot Sales, Falling Prices Trend
三月 4, 2024
The UK Real Estate Market: Hot Sales, Falling Prices Trend 伦敦
By   Internet
  • 都市报
  • UK Property
  • Should Property Market
  • Property Sales
  • UK House Prices
Abstract: In February, the UK real estate market saw an exhilarating surge in sales activity; however, prices concurrently displayed a downward trajectory.

According to Zoopla's survey data, buyer demand increased by 11% compared to the same period last year, while sales volume also rose by 15% year-on-year. Nevertheless, surprisingly, prices decreased by 0.5% year-on-year, with prices rising in 7 regions while falling in 5 others.


Sarah Coles, Personal Finance Lead at Hargreaves Lansdown, analyzed the performance of the real estate market in February. She noted that the market continued its active trend from the beginning of the year, with many buyers and sellers re-entering the market, leading to another increase in sales volume. However, while this is good news for sellers, prices are facing downward pressure, with asking prices gradually declining, presenting challenges to the market.


The UK Real Estate Market: Hot Sales, Falling Prices Trend

propertywire.com


Coles further pointed out that the decrease in mortgage rates from the end of 2023 to the beginning of 2024 was one of the key factors driving market optimism. However, with rates now beginning to rise, this may affect the purchasing plans of some buyers. Although current rates remain roughly the same as a year ago, with the two-year average rate below 5.75%, the anticipated rise in rates may cause some buyers to adopt a wait-and-see approach.


It is worth noting that there are significant differences in market performance across different regions. The situation in the southern regions is relatively more severe, with significant price declines due to affordability issues caused by substantial price increases in recent years. London, however, is an exception, as the speed and magnitude of price increases are not as high as in other southern regions, allowing average incomes to keep up with some of the price increases, making London one of the hottest selling areas currently.


Apart from the southern regions, prices in other regions of the UK continue to rise, albeit at a slower pace, with relatively limited declines. Overall, the real estate market in February presents a complex and dynamic situation, requiring caution from both buyers and sellers to seize the best trading opportunities.

留言
icon
请输入您的国籍
+87
不能为空
电子邮件地址无效 电子邮件地址未验证!
icon
欢迎访问 House.com
登录或注册以充分利用您的体验。这也将增加您与经纪人交流的机会。
请输入有效的电子邮件地址。
继续使用 Google
提交即表示我接受House.com的   使用条款
icon icon
验证您的电子邮件
你好 我们刚刚将验证码发送到您的电子邮件中。请检查并在此处输入验证码以继续登录。
验证码错误
没有收到电子邮件?请检查您的垃圾邮件文件夹
icon
banner
The UK Real Estate Market: Hot Sales, Falling Prices Trend
icon 复制链接
icon WhatsApp
icon Facebook
icon Twitter