New UK property listings bounce back as mortgage rates fall

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The United Kingdom agents reported the most common increase in the market since the facility, according to the study, offering lower interest rates, promotes sales activity.

The royal institute of prejudiced geodes on Thursday was the index of new sales in January, in January, and the highest level of positive reading and the highest level compared to September 2020.

Index follows the share of agents, reporting the increase in the new residential list and increasing those reported.

Agents reported that in three years, most of the market reduction in the market, as the increase in interest rates hits buyers’ loans and demand. However, Bank of England From August 2024, the loan costs lowered and expected to cut interest rates again this year, helping recovery in mortgage affirmation and a wider property market.

Director of the Real Estate Agency Shaun Branna said the director of Banna’s agency said that it was a “very strong start for the new year.” A number of instructions are at very high levels. ”

Separate data published at the beginning of this month, Lender Halifax showed the prices of that house rose more than expected New record in January. The Bank of England reported that in December, mortgage approvals increased and 28% were increasing year by year.

Although the number of market markets, the Executive Director of the “Encouraging”, FROY Frost, Frost Cooperation Agency, said that “buyers are very cautious.”

In January, the agreed sale of the slow-free Rics index slow down, in December, three compared to three balance.

With rising lists and weakened sale, the study highlighted the increase in “noticeable” in the inventory of property agents, on average, one branch of one branch.

Stock levels are also significantly higher than the 34-in-law, which said the smallest supply, as Rics began to follow the data in 1978.

The prospect of home sales has remained positive, and the net balance of property agents, which expects sale in the next three months, and the next 30% expect an increase in the coming year.

Tuarant Parsons, Rics market analysis, said that the last survey has shown that the buyer demand “lost a little momentum” during January, but the respondents continue to “plan a little positive for sale.”