PROPERTY TALK
In recent months, we’ve seen property prices ease back from the highs reached earlier this year (see graphs attached). This shift has largely been driven by a drop in buyer confidence, influenced by rising interest rates and increasing cost-of-living pressures. However, many industry experts and economists suggest that the decline in confidence has more to do with persistent negative media coverage than the actual impact of interest rate changes themselves.
We’re seeing this first-hand, with some buyers choosing to delay purchasing decisions compared to earlier in the year. While demand remains, hesitation has increased as buyers wait for greater certainty. As the spring selling season approaches and more stock begins to enter the market, this environment is creating a potential window of opportunity for well-prepared buyers to act decisively.
History shows that periods of softer conditions in the property market often present some of the best buying opportunities. These windows rarely last long, particularly when supply increases and confidence begins to return.
For buyers seeking clarity during changing market conditions, working with an experienced buyers advocate can provide valuable insight, independent advice and a clear strategy to move forward with confidence.
Curious to learn more about current property market trends? Get in touch to discuss the latest insights and how today’s conditions may affect your buying decisions.