According to Zoopla*, and our own figures and experience, there is proof that
2024 has kicked off with a flurry of buyers returning to market and a rebound in sales market activity.
*New sales are up 13% and there’s also been a 22% uplift in the flow of homes listed for sale. This indicates that people are feeling more confident in listing their home for sale again, boosting choice for buyers and keeping prices in check. This is proven here at GL & Co - we've registered the most amount of applicants since July 2023!. However, sellers will still need to be realistic on pricing and buyers remain price sensitive and focused on value for money.
If you’re selling your home, price realistically, especially if you’re serious about moving. Improved market conditions will help you get a sale - but don’t take that to mean you’ll get a result at a higher price. Contact one of our experienced and friendly team to discuss your move plans for 2024 and receive good advice, as well as an up to date market appraisal.
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Sub -5% mortgage rates has helped buyer demand to be 12% higher than a year ago. Many buyers delayed moving in the face of rising mortgage rates but these reductions reflect a return of pent-up buyer demand following a weak second half of 2023.
We are delighted to be able to recommend a local Mortgage company - Compass Mortgages - who deal with all areas of the mortgage market from Purchasing to Re-mortgaging and Buy-to-Let, as well as home insurance and life protection. Please contact them
here.
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