What is coming our way in 2024?
The year in our region seemed unaffected until we got to the summertime, when we really started to see a decline in interest and where people seemed to be hanging on for the perceived “bottom” of the market.
Through Q4, the market was stronger, more stable, people seemed more resilient to the idea of the interest rates remaining as they are, the utility prices coming down helped ease some cost and expenditure worries, and into 2024 we feel this steady confidence will remain.
The ambitiousness of fast climbing in the housing market has tamed, which is no bad thing, and people are wholly more sensible with their outlooks of the cost of living remaining high and therefore affordability remaining tight.
2024 looks likely to start slowly but to pick up
somewhat into spring summer as the days get longer and hope returns with gusto
– we are anticipating a steady year ahead, hopefully with fewer surprises than
the last four years of worldwide unavoidable turbulence.
To view our properties, head to www.spencersestateagents.co.uk
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