Promising start to 2024

Rightmove’s early snapshot of buyer and seller activity since the start of the year is "tentatively promising" after a hesitant 2023.

Tim Bannister, the portal’s spokesperson, says: “After a stop-start market in 2023, the initial signs suggest a smoother year for movers in 2024. More new sellers are now entering the market, and with more confident pricing."

According to newly published data from the Bank of England, mortgage approvals hit their highest level in six months in December, suggesting that market confidence and activity are rising.

Several major lenders have reduced their interest rates on fixed mortgages, with some now offering certain customers rates below four per cent once again.

At Philip Laney & Jolly we have had a busy start to the new year, with enquiries and viewings well up on January last year.

Amanda Brice, Director Sales and Lettings Malvern, says that "properties are selling and we are short of stock. This year you won't need to wait until Easter to put your property on the market".

For a free, no obligation valuation of your property, please call Amanda, Sam or Ella on 01684 575100 or Mel or James on 01905 26664