Month: January 2024

House prices record highest January surge since 2020

18th January 2024

According to Rightmove, the British housing market is experiencing its most significant January surge since 2020, with increased demand and a higher number of new properties listed for sale compared to the previous year. Despite a projected marginal dip in average asking prices by the end of 2024, the market shows positive momentum, driven by a 20% increase in agreed sales and a 15% rise in new property listings compared to early 2023.

Optimism Grows for 2024

15th January 2024

In light of the positive shift in sentiment at the close of 2023, the financial market now mirrors an increasingly optimistic outlook for 2024. SONIA swaps, instrumental in hedging real estate debt, have seen a decline, aligning with improved inflation sentiment in the UK. Consequently, many lenders are adjusting their fixed-rate offerings, with residential products featuring margins as low as 0.5% above the Base Rate.