Price increases on the rise...? Could 2024 be the year to sell....???

The UKs biggest residential lender has shown 3 months of consecutive price increases. Weirdly coincidentally since the point mortgage rates started to drop…..

Price increases on the rise...? Could 2024 be the year to sell....???
The UKs biggest residential lender has shown 3 months of consecutive price increases.

Weirdly coincidentally since the point mortgage rates started to drop…..

They showed a 1.7% increase in 2023 on their completion prices and prices are at the highest level since March 2023…

So you mean to say that more people come back to the market as it becomes more affordable…..

Which drives competition and prices higher if the supply is restrained/steady…..

Well who would’ve thought basic economics would still apply hey

So rates are getting lower and will go further quite fast, supply is stable and increasing.

Homebuyers are bringing their properties to the market to sell, which is chain triggering and stimulates more activity.

2024 will be a battle between increased affordability and pent up demand versus a stuttering economy, a fight to stop an inflation bounce and some vote winning policies.

I think it will be a draw BUT it could very well go 2021 style CRAZY crazy again…

I wouldn’t be surprised

2024 is going to be fun

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Meet Our Founding Director James

James Allen is the founding director and owner of Allen Residential. James started in estate agency back in 1997 and after working for a couple of strong independent estate agencies he established Allen Residential in 2005 Keen to invest back into his team, James is dedicated to ensuring that each team member at Allen Residential is a key part of the business, emphasizing the importance of their contributions. His leadership style highlights the significance of a cohesive and dedicated team, fostering a supportive and growth-oriented environment. The business has flourished in recent years, thanks to the staff's commitment to excellence and the implementation of effective systems. James' appreciation for his team’s hard work and dedication is evident, making Allen Residential a thriving and dynamic company.

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