Outlook for the UK housing market

Monitoring the outlook of various economic indicators gives us a good view on both the current and future direction of the UK’s housing market. As your trusted and independent estate agent in Camberley, Chobham, Fleet and Yateley, the team at Waterfords work closely with property market analysts to ensure we bring you the very latest news about the UK property market.

Outlook for the housing market

With 14 consecutive interest rate rises, the Bank Base rate reached 5.25% in August. Latest projections are that rates are likely to peak before the end of the year, having successfully begun to curb inflation.

Inflation is expected to remain ahead of target (2%) while wage growth remains high and employment continues to grow.

More stability is expected in 2024 with the UK economy now expected to avoid recession. Nationally, house price falls seem inevitable, but with an election on the horizon, we predict some new policies and incentives for first time buyers.

Choose an experienced and knowledgeable estate agent

Remember, when you’re ready to sell your home or look for a new property in Camberley, Chobham, Fleet and Yateley, our team at Waterfords Estate Agents is ready to help. As experts in your local property market, we’re confident we can help you find the perfect buyer for your existing property and the ideal new home to move into. Get in touch with your local team to find out more.

Are you looking for mortgage advice?

We have access to award winning mortgage advice from The Mortgage Bubble and would be delighted to set up a free, no obligation financial advice appointment for you.

Contact Waterfords Estate Agents:

Camberley: 01276 66566

Chobham: 01276 858589

Fleet: 01252 623333

Yateley: 01252 870222

CLICK HERE to email us

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Source: Dataloft. Average of independent forecasts made in the last 3 months. August 2023