uk house prices
Marketing No Comments

The housing market experienced a significant uptick in activity in April 2024, with increases in buyer registrations, new sales instructions, and sales agreed. Meanwhile, the lettings sector saw a rise in prospective tenant registrations, although demand continues to outstrip supply.

Contact us today to speak with a specialist Commercial Mortgages Broker to discuss how we can assist you.

Increase in residential sales activity
Propertymark’s latest Housing Insight Report reveals that the number of market appraisals per member branch rose from 22 in March to 26 in April 2024. This increase indicates a potential rise in future supply. The average number of sales agreed per branch also saw an upward trend, suggesting a more active market as spring begins.

Get in touch to discuss your Commercial Finance needs today.

Fluctuating rents and reduced arrears
In the lettings sector, rents showed variability across different markets and regions. Most Propertymark members reported that rents either remained static (47%) or increased (41%) during April. Encouragingly, rental arrears decreased, with only about 2% of fully managed and rent collect properties in arrears, indicating improved payment stability among tenants.

To Read the full article please click the link below

Landlord Knowledge

Leave a Reply

Your email address will not be published. Required fields are marked *