2023 First Quarter Property Trading
As indicated earlier, levels of supply have recovered and house sales are being agreed at an increasing rate.This is supported by the fact that our first quarters trading results show a 6.75 increase on the house sales front and a 7% on the house lettings front when contrasted to the same period last year.The resilience in the residential house market continues. House prices have levelled off, but because the market is more balanced with buyers and sellers more aligned on where they see pricing, then house sales productivity is actually up on the previous year in our area of operation on the Hampshire/Surrey/Berkshire borders.
Editorial Features
We hope you will enjoy reading some of the editorial features we have pulled together for our readers, including recipes from cookery writer Kim-Joy on pages 30, 46, 48 and 52 , an interview with Alex Jones on page 26, some interesting insight keeping chickens on page 42 and Su Scott’s thoughts and recipes on Korean cuisine on pages 38, 40 and 44. For the super car enthusiast there is a first drive review of Lamborghini Huracan Tecnica by motoring correspondent Jack Evans on page 60.
Kim-Joy
Alex Jones
About Chickens
Outlook For The Residential House Market
In our area of operation, house prices have held up well with some sectors only slightly lower compared to a year ago, but fears of a major downturn in prices are overdone. Falling mortgage rates and a strong labour market are supporting buyer activity levels and house sellers are becoming more realistic on price if they are serious about moving home, hence we have a more balanced market with buyers and sellers more aligned on where they see pricing. Our outlook remains the same as expressed in our January magazine and we continue to believe that the house price level we are experiencing now will be around the same level by December 2023. If you need market insight at any time in 2023, just go to our web site and ask your nearest branch for a free no obligation house price appraisal.
We look forward to producing the next edition of In The Country & Town in March when we will give our readers further market insight.
John Holden - Chairman McCarthy Holden
mccarthyholden.co.uk | 7
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