From the better value of flats to discounts and price falls, here's how a slower housing market could benefit first time buyers in 2023.
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More homes are now coming up for sale across the UK. And because they’re no longer selling like hotcakes as they did in the pandemic, stocks are starting to rebuild.
Sellers are beginning to offer bigger discounts to buyers to get their sales agreed, but we’re not seeing the need for a big double digit reset in UK house prices.
Government launches fund to transform derelict land into sites with brand new homes - including affordable homes - across the UK.
The construction of nearly 45,000 homes is now underway, the highest number in 15 years for the new-build industry. It's good news for the housing market, where demand has long been outstripping supply.
The Bank of England predicts inflation will be below its 2% target in two years time, and close to zero in three years, leading to lower mortgage rates.
Those who do go ahead with a purchase are opting for longer mortgage terms due to the cost-of-living squeeze.
The level at which the tax kicks in has been doubled to £250,000 for home movers and £425,000 for first-time buyers.
