‘Unsustainable’ housing market as supply & demand continue to diverge
The supply of properties listed for sale has fallen to an all-time low, reports Propertymark, while buyer demand continues to climb.
"The property markets in central and outer London are increasingly on different trajectories," says Knight Frank, as the latest market indices shine a light on sales and lettings trends.
Property prices may prove "resilient" in the face of rising interest rates and costs of living, but transaction numbers are "likely to slow as the year wears on," warn surveyors.
It's been a "strong start" to the year, says property portal OnTheMarket, although "the super-charged heat of the last two quarters has, to some extent, tailed off."
Companies in this articlePropertymark
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'It’s likely to be another muted, and in parts challenging, year for some buyers and sellers in 2024,' warns Rightmove, as the property portal identifies five trends to watch in the coming year.