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The number of houses for sale has reached its highest level in 27 months, new figures show.

Many put their moving plans on hold after mortgage rates spiked to 14 - year highs and house prices started to fall at the end of last year. But new figures from Propertymark, which represents more than 18,000 estate agent members, show the housing market is bouncing back. Estate agents typically reported having 35 homes for sale per branch since January2021. A year ago, there were just 20 properties on sale per branch.

The number of sales being agreed is now widely back in line with the average number agreed in 2019 before the pandemic, estate agents say.

Propertymark says the number of house viewings also increased 21 pc in March compared with February, while the average number of new buyers registering per branch has increased by a third since the beginning of the year.

l.purkiss  Daily Mail

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The Bank of England has raised interest rates by 0.25% to 4.25% - the highest since 2008.

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Inflation has peaked and is set to fall to 2.9% by the end of 2023, said Chancellor Jeremy Hunt in his Spring Budget, as he unveiled plans for help with fuel bills, childcare costs and pensions.

Key Takeaways

30 hours of free childcare a week from September 2025

Energy Price Guarantee extended for three months

Fuel duty frozen for 12 months

Pensions: annual tax-free allowance increased by 50% from 40K to 60K and the lifetime allowance to be abolished

Zoopla

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House prices have fallen at the sharpest rate in a decade - with £16,000 wiped off the typical home in just six months, figures show.

Property values dropped 1.1 per cent in the year to February, the biggest dip since November 2012, Nationwide Building Society said.

It is the first time annual property prices have declined since June 2020,during the Covid pandemic, when they fell by 0.1 per cent.

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New-build homeowners and renters are expected to save £3,000 on gas and electricity from April, compared with those living in more traditional homes, according to the Home Builders Federation.

Around 85% of new build houses and flats have an Energy Performance Certificate rating of A or B, compared with just 4% of existing dwellings.

More than half of homebuyers are now factoring running costs into their purchasing decision.

The HBF is calling on lenders to introduce green mortgages that take into account the energy efficient properties of new homes.

Zoopla

  1. PLEA TO DITCH STAMP DUTY
  2. New Housing Minister.
  3. PROPERTY MARKET AWAITS ANOTHER HOUSING MINISTER.
  4. INTEREST RATE RISE

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  • We are 100% satisfied and cannot recommend Fox Estates strongly enough. The team were extremely professional, friendly, and approachable from the minute we asked for a valuation right until completion. Their knowledge of the local area was spot on and made the difference on the sale of our house. We are grateful to Chris in particular for his attention to detail, responsiveness to emails and a willing pro-activeness to help keep things moving. I would not hesitate in recommending Fox Estates to my friends and family..

  • Chris Fox put my house on the market on June 13th and advised me to have an open house. 26 people viewed the property and I had 6 really good offers. By 3rd of August we had completed!Chris guided me through the sale with professionalism, integrity, friendliness and his extensive knowledge which can only come from spending 35 years doing a job he is still clearly passionate about.

  • Chris is very efficient and professional at all times. He made the sale of our property effortless and acted beyond the call of duty on our behalf.

  • During my career I have come across many estate agents and Chris really is a true professional, with the highest standards of integrity and professionalism I have seen. As well as having referred him to my own clients and had excellent feedback, I have personally used Chris to sell my property and I have been extremely impressed, and would recommend him to everyone.

  • I instructed Chris to sell my house and when he found a buyer the sale went through in just over 6 weeks. His service was excellent and I would recommended him to anyone. A few months later my mum instructed him to sell her house and again he found a buyer and the sale progressed to completion without a problem. Chris is very knowledgeable and professional and he will give you a very helpful, friendly and attentive service. If you are thinking about buying or selling I would suggest you give him a call

  • I employed Chris Fox to sell my parents home when my mother died last year. He handled the sales with professionalism and respect for my family. He was very eager to secure the right sale and was tenacious on our behalf. He kept us fully informed of all developments during the sale and achieved a very good outcome on our behalf. I would recommend Chris Fox wholeheartedly.

  • AFTER 4 MONTHS OF AGGROVATION WITH ANOTHER ESTATE AGENT I APPROACHED CHRIS ABOUT 2 MONTHS BACK, I EXPLAINED THAT I HATED ESTATE AGENTS, CHRIS HAS GONE A LONG WAY TO REPAIRING THAT IMAGE HAVING DONE A SPLENDID JOB IN SELLING MY HOUSE WITHIN 3 DAYS THE WHOLE PROCESS TOOK 6 WEEKS TO THE POINT I HAD MOVED EXCELLENT ATTITUDE AND A TRUE PROFESSIONAL

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