Residential Property Market Review – April 2023

Our monthly property market review is intended to provide background to recent developments in property markets as well as to give an indication of how some key issues could impact in the future.

Inside the April report

Residential market update: Demand, sales and new listings all remain in negative territory, according to the latest UK Residential Survey from the Royal Institution of Chartered Surveyors (RICS), with agreed sales dropping to -31% this month, below the -25% recorded in February.

More million plus sales in 2022: Properties valued at over £1m made up 3.21% of all residential property sales in 2022, according to the Land Registry, compared with 2.75% a year earlier.

Race for less space: The number of people looking to downsize has risen notably since last September, new research by Savills shows, with more than half of agents seeing an increase in the number of downsizers on their books.

House prices: Headline statistics and price changes by region. Average monthly price by property type for February 2023.

Housing market outlook

Click on the button below to read or download our Residential Property Review for April 2023, it is in pdf format.

We are not authorised to provide advice on investment decisions concerning property, only for the provision of mortgage advice.

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Henderson Stone Asset Management Ltd is registered in Scotland. Company Number: SC585359. Registered address: Suite 3/1 Herbert House, 26 Herbert Street, Glasgow, Scotland, G20 6NB.