Property market updates | 02.11.23
London's property market is beginning to see glimmers of stability that have given rise to a cautiously optimistic sentiment among investors. The recent stabilisation of mortgage rates has been a critical factor in this change in tide.
Adding to this optimism is the easing in inflationary pressures. Notably, this renewed confidence is particularly pronounced amongst cash buyers. These investors are less susceptible to the fluctuations in the mortgage market, enabling them to capitalise on opportunities that others, who are more reliant on financing, might hesitate to seize. Their position is bolstered by the strength of the pound and the inherent value that London's property market holds, with its reputation as a global city and a historical resilience in property values.
For the astute buyer—especially those operating with cash—there are valuable deals to be had, and the time to engage with the market may be now. Check out our blog for more detailed on mortgage interest rates stabilize.