IN THE COUNTRY &TOWN Welcome to
Creating the inspiration to move
We encourage readers to read our article on The Renters Reform Bill (page 48) where you can discover more about the Government plans, which don’t just stop at “No-Fault” Eviction, but stretch to a framework for rent control across the UK, which is a major Government intervention in the free market, bringing into question just how far should the Government interfere in the economics of allowing the open market to find its own levels. The Government has also made long-term commitments to increasing housing supply, with ambitious plans to build new homes in areas of high demand.The objective of overhauling the planning system will in the main bring positive outcomes, however, the impact on the 2025 house market will be close to zero because such changes will take time. It now looks like interest rates will slowly fall in 2025, so this will help maintain and underpin an already steady house market. As we look ahead to 2025, the UK residential housing market shows every indication of a positive trajectory, so we close 2024 thanking our clients for their loyalty and custom and wishing our readers all the best for Christmas and the New Year.
The Market / 2024 Round-Up
This time last year, we reported that savvy house buyers were on the move in December 2023 and this insight from the shop floor turned into a steady stream of active buyers throughout 2024, resulting in a resilient and consistently improving house market during the year. As regular readers will know we have been reporting a resilient property market for over a year now, and with the volume of unit house sales up in 2024 house sellers can be confident about securing a buyer, providing a realistic price is set to go to market with. The market up-tick is now likely to continue through to the New Year judging by the buyer demand being experienced at McCarthy Holden branches. During 2024 all property price sectors in our area of operation on the Hampshire/Surrey/Berkshire borders benefitted from the market resilience.
Key Factors & Outlook for the UK Residential Housing Market in 2025
Economic recovery, combined with more stable interest rates and easing inflation, will create a more predictable environment for both buyers and sellers. From continued demand for housing to Government initiatives and emerging trends, there is much to be hopeful about as well as cautious about in equal measure for homebuyers, investors, and the wider housing sector. The upcoming changes in UK Residential Lettings Legislation will see significant changes in legislation that will affect landlords, tenants, and the wider rental market.
John Holden - Chairman McCarthy Holden
Published by Kilbricken Publishing and John Joe Photography Limited,Telephone: 07470 707275, email jjtopshot@outlook.com, web johnjoe.co.uk. Publishing 2022 - All rights reserved. Reproduction is forbidden except by express permission of the publishers.The content of this magazine is believed to be correct but its accuracy is not guaranteed and it does not form part of any offer or contract. John Joe Limited cannot accept responsibility for any omissions or errors.
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