In February, mortgage approvals saw an increase, surpassing 60,000 for the first time since September 2022, according to the latest update from Savills. This is a positive sign and we have observed good activity, but it remains crucial to price properties correctly from the beginning.
Zoopla is forecasting a 10% increase in total transactions this year. It seems that both people and the market are adjusting to the new norm of high interest rates.