Property Watch: Read the February 2024 report here
Our scale and coverage as a business provides us with access to a range of key data and market insight. With first-hand experience of market changes, our surveyors are uniquely placed to help us capture and track anecdotal feedback from estate agents and other property professionals.
Last month, we ran our sixth Property Watch market sentiment survey, inviting our surveyors to respond to a question set that enables trend analysis, but with a specific focus on key themes.
Surveyors across e.surv and Walker Fraser Steele completed the Property Watch survey, with a meaningful response across all regions and areas. This gives us, our clients and customers, invaluable insight into regional variables and enabling us to report at a level that is unprecedented for any surveying business.
In this month’s report:
- Strong early 2024 sales driven by pent-up demand, with London recovering as prices dip in most markets.
- Persistent rental shortage pushes prices up, especially in Scotland, London and Northern Ireland, with moderate growth expected.
- Slow new home sales demand strategic pricing and buyer incentives amidst challenges.
- Rising energy concerns fuel interest in efficiency, but cost barriers require government support for widespread UK adoption.
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