As 2024 draws to a close, the property market is showing signs of steady recovery, with house prices seeing a modest annual increase of 2% to 4% in many regions. This improvement comes after a period of volatility caused by high inflation and interest rates.

What’s Driving the Recovery?

  • Market Stability: Economic conditions have begun to stabilize, with inflation rates easing and mortgage availability improving, creating a more balanced housing market.
  • Buyer Confidence: Increased certainty in the market has encouraged more buyers to take the plunge, leading to higher transaction volumes.

Opportunities for Buyers and Sellers

For buyers, the recovery represents a chance to enter the market before further price increases. Sellers can feel optimistic about achieving competitive prices for their properties, as demand gradually rises in tandem with the number of homes available for sale.

As this trend continues, both buyers and sellers can expect a more predictable and sustainable market moving into 2025, presenting opportunities for those ready to make their move.

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