Residential Property Market Review – March 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 March report:

Spring Budget – ‘trailblazer’ deals announced: In the Spring Budget on 15 March, as part of the Levelling Up White Paper, Chancellor Jeremy Hunt announced ‘trailblazer’ deals giving new and deeper devolution powers to local leaders in the Greater Manchester and West Midlands Combined Authorities…

Cautious boost for buyer enquiries: A more stable picture is emerging for the rest of 2023, according to the latest UK Residential Survey from the Royal Institute of Chartered Surveyors (RICS), despite a generally downbeat overall trend last month…

Soaring rents push people out of London: The flight of workers from London will cause businesses to suffer, industry bodies have warned, as soaring rents continue to drive people out of the capital…

House prices: Headline statistics and price change by region.

Average monthly price by property type for January 2023 (Source: The Land Registry – Release date: 22/03/23)

Housing market outlook: (Source: Nationwide, February 2023)

Click on the button below to read or download our Residential Property Review for March 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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