Julie Philpot of Julie Philpot Residential gives her take on the start of 2024 and the property market.

There are so many mixed messages at the moment relating to the housing market and predictions for 2024.

Some are predicting prices will fall and some are stating that property prices are rising - so what can you believe or understand from all of this I ask myself. 

I hope to be able to explain - it is often difficult to compare a national trend to your own town, village or community.

There will always be areas where properties are in high demand due to schools, town facilities easy commuting access etc.

These areas often therefore have a lower supply to meet the demand so as you would expect the prices in these areas often don't decline as much as may be reported on a national scale - a little like the areas we sell in.

There are then other areas whereby the big cities, for example, often have a higher supply than demand and this is reflected in the prices for those areas. 

I am pleased to report that in our area, (Kenilworth, Warwick and South Coventry) we have seen an extremely busy start to the year.

There have been a record amount of new properties available and the associated viewings are also very high.

This is really encouraging and is a great comfort to us to see that there is definitely an uptake in enquiries for valuations too.

I believe that with the most recent news relating to mortgage lenders reducing mortgage interest rates, and with First Time Buyers now coming back to the market, the signs are very optimistic for a busy spring time move. 

 If you would like further information or advice do please feel free to contact me. 

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