The truth is, you can look at it either way. Here’s why there’s both good and bad news for homeowners in 2023.
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Our latest House Price Index shows current housing market conditions are close to the pre-pandemic years, with demand 8% higher and sales agreed up 1%.
As the housing market shifts to a buyers' market, sellers are accepting offers on their asking prices, meaning there's more wiggle room to negotiate on price.
However, homes grew by £42,000 in pandemic, suggesting sellers are having to forgo around 33% of their pandemic gains in order to achieve a sale.
The best new mortgage deals are now at below 4% for lower loan-to-value remortgages, a major improvement on the average rate of 6% in November 2022. Here's how much further I think they will fall.
The average UK rent has increased £120 in the past year with London, Manchester and Glasgow seeing the biggest hikes.
Homeowners who sold at the end of 2022 saw small price falls but it’s doing little to dent the equity most gained during the pandemic.
Looking to sell this year? Find out what buyers are on the hunt for right now and which locations they’re looking in.
12 in 13 homeowners enjoyed value gains in 2022, could you be one of them? Find out with our Value of Housing report.
