Autumn Golden Words

There are a number of reasons why the UK property market is still strong, despite rising interest rates and the cost of living crisis.

High Demand:

Demand for housing is still high, particularly from first-time buyers and investors. First-time buyers are eager to get on the property ladder, while investors are attracted by the potential for capital growth and rental income. Strong economy: The UK economy is still relatively strong, despite the recent challenges. The unemployment rate is low and wages are growing, which is supporting demand for housing.

Limited Supply:

The UK has a shortage of housing, which is pushing up prices. According to the National Housing Federation, there are 4.2 million households in England alone that are either overcrowded, in unsuitable or poor quality housing, or living in temporary accommodation.

Government support:

 The government has introduced a number of measures to support the housing market, such as the Help to Buy scheme and the First Homes scheme. These schemes make it easier for first-time buyers to afford a property.However, it is important to note that the UK property market is not immune to the wider economic climate. Rising interest rates and the cost of living crisis are likely to have an impact on demand for housing in the coming months.

Overall, the UK property market is still strong, but there are some signs that it is starting to slow down so why wait to sell your home?

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Positivity and optimism are our GOLDEN WORDS at Direct Moves Estate Agents. We work on getting the very BEST for our clients,  which is why we see the POSITIVITY. Check out our findings, and book your FREE VALUATION.  Maybe your property is worth more than you think! Contact, me , AIDAN TERRY, for my view on your home!.