UK property market

Despite a ‘cautious’ near outlook, upwards trends have been reported in several segments of the UK property market.

Sellers are realistic about home prices and discounts, while potential buyers are motivated by forecasts of lower interest rates over the course of 2024.

While it is unclear whether the bank rate has reached its peak, some mortgage lenders chose to cut their rates this week.

Despite a ‘cautious’ near outlook, upwards trends have been reported in several segments of the UK property market.

Sellers are realistic about home prices and discounts, while potential buyers are motivated by forecasts of lower interest rates over the course of 2024.

While it is unclear whether the bank rate has reached its peak, some mortgage lenders chose to cut their rates this week.