Author: Nexus SHL

Residential Market Shows Resilience and Positive Trends, High-End Segment Remains Strong

08th June 2023

Savills’ residential update highlights a positive housing market, with improving conditions and stable high-end segment. Market-wide sales are approaching pre-pandemic levels, while deals falling through and price cuts decline. Although there were slight decreases in home values, the overall trend is positive. Mortgage approvals faced a temporary setback, but the market’s trajectory remains optimistic. Overall, the market is expected to remain price sensitive, but demand and lender measures will help mitigate downward pressure on prices.