Rising from the Challenges: A Bright Property Outlook for 2024 with Anthony Webb

10th December 2023

Amidst the prevailing market concerns, there's a glimmer of hope. Reflecting on the past, we've seen positive indicators signalling a market turnaround. I’m not just basing that on some festive spirit, our success story mirrors this optimism: securing a larger market share, topping the charts as the most favoured agency in our area, and leading in completed sales, as validated by Rightmove. The glowing reviews from our clients underscore our commitment to exceptional service and ensuring our clients' satisfaction, solidifying our success throughout the year.

More recently, our team welcomed three new industry professionals, fired up with the passion to fuel our growth in 2024.

Property outlook for 2024

Nationwide House Price Index data reveals consecutive months of growth, with values rising by 0.2%, following a notable 0.9% surge in October 2023. These increments, no matter how small, herald a positive trend worth celebrating in the new year.

Quietly confident, I dare say that unless unforeseen events intervene, the worst of the market's challenges may be behind us. Looking back in 2023, many of the key ingredients were in place to prompt a rapid reduction in house prices —multiple interest rate hikes, a shortage of stock, inflation squeezing affordability—yet signs now indicate a steadier course ahead. Forecasts hint that interest rates look unlikely to increase again, and the prospect of a 2024 General Election would focus attention on potential improvements and initiatives that could benefit the property market, offering stability and potentially enhancing conditions for buyers, sellers, and the overall market landscape.

Anticipating this positive shift, we are primed and prepared for 2024 to mark the resurgence of the market after a demanding 16 months.

The green shoots of recovery are here, and our team is fully equipped to guide you towards a successful move in 2024. Call our office now on 020 8882 7888 to book a market appraisal for your property, complete our form or email me at tonyourris@anthonywebb.co.uk.