JUNE 2024 | PROPERTY MARKET REVIEW
In our market review of June 2024, we look back on noteworthy surveys and reports, significant policy decisions and other developments affecting the UK residential property sector.
Despite the imminence of the General Election, the most important market forces and trends have remained largely unchanged. Demand still exceeds supply in both the home-buying and rental markets but with interest rates still comparatively high, affordability remains a challenge in many UK regions. Inflation is much lower than it was last year, which raises hopes of a cut in the Bank of England’s base rate of lending, and average earnings are growing faster than the Consumer Prices Index.
There are therefore good reasons to expect market conditions to improve in the second half of the year but, as ever, notable regional differences will persist.
Darren Bennett
Managing Director
—————————
If you have any questions about any aspect of property investment, please call us today