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Published on : October 11, 2024 09:51

Positive Sentiment Defines the Housing Market Despite Autumn Budget Concerns

According to a new report from Dataloft, the UK property market continues to grow in confidence, with 61% of agents noting that buyer confidence is significantly or slightly improved compared to three months ago.

This welcome news further suggests that the UK property market has remained resilient despite ongoing global uncertainty, the election of a new UK government and the upcoming Autumn budget. 

The majority of agents polled suggested that property transactions have improved or stayed the same, while others note that the start of a new academic year has boosted rental performance and contributed to a lowering of available rental stock as students return to their studies.   

The strength of the student rental market may provide a source of relief for landlords who are unsure what the Autumn budget will hold, however many will also be closely watching for changes to legislation in the near future. 

Quarterly Property Market Barometer October 2024

  • This quarterly Opinion Poll tracks sentiment in the housing market, based on the experience of estate agents across the UK.
  • With mortgage rates falling and markets expecting another interest rate cut in November, 61% of agents say buyer confidence is significantly or slightly improved compared to three months ago.
  • 45% say transaction levels have improved on a quarterly basis however 42% report that they have remained the same. Although market conditions are improving, the upcoming Autumn budget may be creating some uncertainty.
  • With the student rental market in full swing, 42% of agents report lower stock levels compared to three months ago. Source: Dataloft by PriceHubble (poll of subscribers)

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