29/03/2023 – News Round-Up
March 29, 2023
A round-up of this week’s housing market news…
98% increase in new homes listed for sale – Today’s Conveyancer
New data shows that across Britain, 84,615 new homes were listed for sale over the last two weeks, resulting in a 98% increase compared to the start of the year.
Mortgage lenders ‘more confidence to start to edge down their rates’ – Property Industry Eye
Following a few turbulent winter months that saw market activity stall in the aftermath of the mini-budget, a rapid increase in mortgage lending has been forecast as buyers return to the market for the spring season.
‘Plenty of reasons to be positive’ as transactions recover in February – Today’s Conveyancer
New data has revealed UK residential property transactions began to recover in February 2023 with commentators suggesting there are ‘plenty of reasons to be positive’ heading into Q2.
February sees steep rise in mortgage applications – Property Reporter
Following a quiet winter period, mortgage applications saw a sharp rise in February as the market predictably shifts up a gear ahead of the spring rush.