Company Tag: Garrington

Buying agency flags an 'optimistic yet fragile' outlook for the property market in 2024.

"For savvy buyers who are less credit reliant, it could be that the most attractive UK property purchasing opportunities are seen in the earlier months of 2024, prior to the market gaining further traction,"…

'Increasing levels of pragmatic buyers are seemingly prepared to offset short-term higher borrowing costs for generous savings off purchase prices', says buying agency Garrington.

'The tapestry of data that make up the UK property market is now more a medley of varying trends than a harmonious tune,' says national buying agency.

House prices are 'falling in slow motion', with cash buyers able to seize opportunities, says top buying agency.

Buying agency senses "renewed optimism" brewing for the UK economy and property market.

Slowdown "is not a temporary aberration but looks to be a shift in the UK property market’s landscape for the second half of the year," says top buying agency.

Garrington rounds-up some of the big property market indicators and indices to give a buyers-eye overview of the market in June.

Property market sentiment 'is improving steadily' says top buying agency.

But Garrington expects "further mixed conditions" and a lots more "dramatic headlines" in the coming weeks and months.

'Whilst the prime property market has healthy levels of activity it nonetheless remains incredibly price sensitive,' says Garrington.

Prime London postcodes and top-tier university cities 'are the most likely to escape relatively unscathed' from the property market downturn, says Garrington.