As we come to the end of 2023, the market has returned to normality from the property madness we saw throughout Covid. The year started with continued, heightened prices and activity but has since slowed, also due to seasonal factors.

However, in the North West prices are up by 1.5% compared to last year. What’s clear is 2023 has been much more resilient than anticipated, although generally affordability remains stretched, we are very much in a buyers market. We expect this to shift as potential movers, who put their plans on hold in hopes of a calmer market, start feeling in a stronger position to get their property sold in the New Year.

We predict more stability and certainty for the market in 2024 as average mortgage rates have continued to fall, buyer demand is up by 6% and sellers are now adjusting their expectations to match current market conditions.