Manchester Property News
Surge in sales agreed
New sales agreed, a key measure of market confidence and activity, were up 13% in the first 3 weeks of January compared to the same period last year.
The volume of sales agreed is higher across all regions and countries, led by Yorkshire and The Humber (+19%) and the West Midlands (+17%).
With the best mortgage rates now below 4% and consumers at their most confident since January 2022, activity is improving, although it is important to note that the rebound is off a low base.
Although there is positivity in the market, buyers remain very price sensitive, with one in five sellers accepting more than 10% below the asking price to achieve a sale. Source: #Dataloft, Zoopla (January 2024), GfK Consumer Confidence Tracker
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This Blog looks at what is happening in Manchester, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Tom Simper - Editor
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