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Property Market in Limbo - This Week In Mortgages!
This week’s property market is a paradox - base rate cuts, more mortgage searches, and a rare boost in Prime Central London… but sales volumes and buyer confidence still have a way to go.
📉 Sales volumes: Down 24% YoY, but June shows signs of stabilisation
🏠 Listings: +14% YoY, yet sellers are holding firm on pricing📊 Rates: Base rate now at 4% - lowest since early 2023 - but lenders are split
💷 Prime Central London: First positive growth in 2 years, +1.5% annuallyWhat’s your take - is this a turning point or just a pause before the next shift?
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By By Prestige Private FinanceThis week’s property market is a paradox - base rate cuts, more mortgage searches, and a rare boost in Prime Central London… but sales volumes and buyer confidence still have a way to go.
📉 Sales volumes: Down 24% YoY, but June shows signs of stabilisation
🏠 Listings: +14% YoY, yet sellers are holding firm on pricing📊 Rates: Base rate now at 4% - lowest since early 2023 - but lenders are split
💷 Prime Central London: First positive growth in 2 years, +1.5% annuallyWhat’s your take - is this a turning point or just a pause before the next shift?