As we close out 2024, we want to thank you for your interest and engagement. This year has seen significant growth and changes in the UK and Ireland housing markets, with house prices growing by 3.7% and market activity surpassing pre-pandemic levels.
Key Highlights from 2024:
- Interest Rates: Reduced to 5.0%, boosting mortgage approvals and buyer confidence.
- Regional Variations: Scotland led in house price growth, while some southern coastal markets saw declines.
- Election Impact: Stabilisation post-election influenced market dynamics positively.
- Property Transactions: The number of completed transactions in October 2024 was 3% above the 2017-19 average, marking the first time they have exceeded the pre-pandemic average since December 2022
Looking Ahead to 2025:
- House Prices: Expected to grow by 4%.
- Economic Stability: Positive outlook with further interest rate reductions.
- Policy Changes: New planning policies to boost housebuilding.
How We Can Help:
- Bespoke and Template Websites: Enhance your online presence.
- SEO and Digital Marketing: Attract more clients and improve rankings.
- Expert Support: Comprehensive assistance to achieve your goals.
Let’s make 2025 a year of growth and success together. Wishing you a prosperous new year!
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