TwentyCi has provided The Mover with its most recent MoverAlerts Property & Homemover Update.
The update looks at changes in home moving throughout the UK and Northern Ireland to provide reliable information to help moving companies. This report is compiled from the most robust, reliable and factual property change sources that create TwentyCi’s trusted dataset, spanning 99.6% of all residential property moves.
What did the Marketplace look like in 2024?
The year 2024 might be considered by many to be a reprise of 2023 with a continuation of cost-of-living pressures and a higher-than-desired rate of inflation leading to interest rates being maintained at a level that directly impacts the affordability of mortgages.
Nevertheless, despite a steady stream of alarmist headlines at the beginning of 2024, the residential property market did not go into freefall.
Asking price
The average asking price of residential properties for sale across the UK in 2024 was £436k, up by £7k from 2023. This figure reflects the mix of property coming to the market as a New Instruction.
Instructions
By the end of 2024, buyers had 605K properties to choose from, up 8.3% from 2023. Availability of stock has increased in all price bands but is more concentrated in properties over £1m.
Fall Throughs and Withdrawns
Withdrawns are at a level consistent with the volume of transactions. Fallen Throughs are up by nearly 10% compared with 2023.
Sales by Region
Sales Agreed are up by 17% across the whole of the UK in 2024 compared with 2023 ...
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