Could an autumn property bounce mean a move for you?

Posted 9 months ago.
Could an autumn property bounce mean a move for you?
News
 > Could an autumn property bounce mean a move for you?

Average new seller asking prices increased marginally by 0.4% (+£1,386) in September to £366,281, says Rightmove, however, back-to-school sellers reinvigorated the sluggish August market when summer holidays were in full swing. There are signs of activity starting to pick up as mortgage rates continue their downward decline and average earnings increase that could help some first-time buyers and also second steppers who have equity in their property.

Meanwhile, Zoopla’s latest report shows that rents for new lets are up 10.5% over the year and rental inflation has been in double digits over the last three years. Low supply is contributing to the rental growth, however, affordability is a key influence. Rents for new lets are expected to increase by 9% in 2023 then slow to 5-6% in 2024.

Click here to arrange a free, up-to-date valuation.

Don’t miss our next article, subscribe to our news updates

Recent articles

50,000 rental properties needed says Rightmove

Posted 4 weeks ago
50,000 rental properties needed to bring supply of rental homes back to pre-pandemic levels says…
50,000 rental properties needed says Rightmove

Annual house price inflation unchanged at -0.2% from February

Posted 1 month ago
Zoopla’s latest index shows that house prices are firming as market activity improves.
Annual house price inflation unchanged at -0.2% from February

5 enquiries for every home for rent and changes to rental legislation

Posted 2 months ago
UK rental inflation has slowed to 7.8%, down from 11% a year ago – the…
15 enquiries for every home for rent and changes to rental legislation

We use cookies on this website. You are free to manage cookie settings via your browser at any time. To learn more about how (and why) we use cookies, please take a look at our Privacy Policy.

Ok, got it!

Stay informed & sign up for exclusive updates

Be the first to know about our latest listings, local news, industry insights, and expert advice. Join our regular newsletter for exclusive updates and valuable information.

By submitting your email, you are acknowledging your have read and agree with our privacy policy.