Leap in mortgage approvals signals market recovery
Bank of England statistics show that agreed mortgages climbed to 52,000 in March, up from 44,100 the previous month – David Callaghan, The Negotiator.
In response to The Negotiator’s recent article, of the same title, our very own Tim Gaston comments:
After a challenging Spring for the residential market we are pleased to report signs of a recovery in the market.This has been strongly influenced by an increase in mortgage approvals across all price sectors.
The market is recovering over the very influential mini budget the prediction of lower long term rates. The stabilisation of inflation is another positive factor.
Our own stock levels are over 50 % higher than last year and we are witnessing an upturn in relocating buyers registering with us.
It is much healthier to have a more balanced position between supply and demand in the market. We have sold several prime country houses recently with at least 3 offers on each after a short marketing period.
Discover properties for sale here.
Read the full article in The Negotiator here.
05 May 2023< Back to news