There has been a lot of doomy whispers about the housing market since last Autumn, but the activity being seen by Propertymark agents paints a robust picture. Transaction levels year on year have been stable and listings of new properties coming to the market have also been steady. 

Any indicators of something negative on the horizon would see these figures dropping below previous years. Prices have been affected by rising interest rates, but sellers are still keen to keep moving, and whilst interest rates are expected to rise again, they are not expected to climb excessively higher before reaching a level footing.  

The lettings market remains very much out of balance however, with an average of ten registered applicants per property. As demand continues to outweigh supply, pressure on rents has eased slightly since the peaks of last summer but it has by no means gone away.

Nathan EmersonCEO | Propertymark