Now two months into the ‘new’ year, property industry experts are reflecting on what appears to have been a largely ‘encouraging’ period for market activity.
It comes as motivated home-movers have been taking advantage of the unique conditions of lower borrowing costs and higher mortgage approvals (up 28%), coupled with a healthy stock of new properties coming to market (up 10%, according to Zoopla.)
With new sales instructions having risen last month to their highest levels since September 2020 (according to the RICS), buyer enthusiasm has been delivered a welcome boost, and this translated into a marginal increase in agreed sales last month.
Even in spite of the turbulence seen across money markets in January, house prices and market sentiments has proved reassuringly resilient (according to data published by Halifax.)
Mindful of this, and that January’s performance data is so often used as a predictor of future market health, it follows that we now have a three-month sales outlook (up 10%) that is a vast improvement on the somewhat 'flat' picture for housing demand that has prevailed for the last three years.
For more information on the Maidenhead property market, please contact a member of the Braxton team on 01628 674234 or email property@braxtons.co.uk.