House prices rise for fourth month in a row as 2024 starts with a bang
Last updated: 6.54pm, Wednesday 7th February 2024
We look at the current property market data and how you can benefit from it.
Gordon Campbell
February 2024
As interest rates fall and inflation starts to drop like a stone, as we predicted last year, the market continues to have strong demand for properties to buy and rent.
Especially in Glasgow, the UKs Buy to Let Hotspot. Where is the UK's current buy-to-let growth hotspot?
House prices rose by 1.3 per cent in January, marking the fourth monthly rise in a row, according to the latest reading from Halifax.
The high street lender said property prices also grew 2.5 per cent annually, the highest annual growth since January 2023.
A typical UK home now costs £290k, over £3,900 more than last month.
Falling mortgage rates have improved sentiment in the housing market.
Rates have declined, in response to cooling inflation.
The recent reduction of mortgage rates from lenders as competition picks up, alongside fading inflationary pressures and a still-resilient labour market has contributed to increased confidence among buyers and sellers.
This has resulted in a positive start to 2024’s housing market.
Conclusion
Despite the lack of supply and higher buying costs, Alliance Property Group continues to give you an unfair advantage, that local investors can only dream of, in securing off market, below market value properties with strong yields and cash flow. And in areas of high capital and rental growth.
Let us share this and our 42 years’ experience, knowledge and expertise for you to add or start to your portfolio. Contact Us
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