We value your privacy. We use cookies to enhance your browsing experience and analyse our traffic. By clicking "Accept All" you consent to our use of cookies. Strictly necessary cookies are already enabled but can be deleted by selecting "Reject All." Cookie Policy.
We have deleted all functional and performance cookies from your visit to our website so far.
We haven't deleted strictly necessary cookies, as these are essential for us to provide a website service.
However, you are able to control your cookie settings on your device in the settings section of your website browser as well.
We use cookies to ensure that we give you the best user experience on our website and to deliver some key functionality.
If you do not accept cookies and continue to use this website, some key features and functionality of the website will not work.
To view our cookie policy click here.To view our privacy policy click here.
We have deleted all functional and performance cookies and will continue to block them if you use this website.
If you continue to this website without the use of these cookies, some key features and functionality of the website will not work.
Please also be advised that if you continue to use this website then it is essential that we continue to use strictly necessary cookies To view our cookie policy click here. To view our privacy policy click here. You can now either continue to use the website or close your browser
The lag in housing market data means that key indicators for the UK sales market are not yet fully reflecting the pressure on affordability created by higher inflation and rising interest rates.
The number of Sales Agreed and Exchanges in Q3 2022 were both higher than pre-covid (Q319), while the numbers of Price Changes and Withdrawals remain low.
That said, fall throughs have risen by 18% and they are generally thought to be a signal of market pressure ahead. The 0.75 interest rate rise announced on 3rd November seems likely to dampen activity further.
As affordability is squeezed, cash or equity-rich buyers will be in a strong position, as long as they can find a property available to buy.