'Asking prices in the majority of PCL remain frankly delusional': Emma Fildes on a rollercoaster year for resi property
From the post-pandemic frenzy to the sticky situation buyers & sellers find themselves in today, how the market has changed in just 12 months.
Emma Fildes is Founder of property buying agency Brickweaver.
Buyers spent a record £5.2bn on PCL property last year
...but prices and stock levels both fell in the final quarter, reports JLL.
Rightmove predicts 2% drop for house prices next year
Asking prices are falling as 'sellers who are determined to find a buyer quickly adjust their expectations and adapt to a less frenzied housing market,' says Rightmove, as the portal predicts a 'relatively…
PCL property prices to climb 13.5% over the next five years, predicts Savills, as prime markets out-perform
Savills has updated its five-year property market forecasts, predicting price drops in all regions and sectors in 2023.
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'There have been surges of interest from Americans in the past but in 20 years of doing this job, I can’t recall quite so many buying as now'.
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