In the Press

Cautious UK homebuyers are forcing corrections in sellers’ price expectations

Falling mortgage rates push up demand but it remains a buyers’ market. Buyers negotiated discounts on 50 per cent of properties sold in 2023. Sellers of UK residential property are expected to rein in lofty price expectations this year as buyers remain cautious despite falling mortgage rates, according to agents and housing market experts.

Published
Format Online
Read time 1 min read

The falling mortgage rates may be pushing up demand, but it’s still a buyers’ market out there.

Speaking on the current state of the market and its impacts on buying agencies like Black Brick, our Founder & Managing Partner, Camilla Dell shared her insights in The Financial Times this week.

“Some buyers that were sitting on the fence and renting because they couldn’t afford to borrow will be able to crack on now that rates are more sensible,” she said. “We’re also pretty busy with new US, European and Middle Eastern clients.”

Read the full article here.