There is no doubt that the global backdrop for 2023 is unsettled but as the New Year gets underway, Chris Giles of the Financial Times maintains that prospects are better than we think, urging us to be “cautiously optimistic about the year ahead.”
In 2022 there were eight interest rate rises, five Housing Ministers, three Prime Ministers and four Chancellors. The property market has come through tougher times, and it will do so again.
Whilst there are very clear headwinds, the limited supply of properties for sale combined with strong underlying demand for prime residential property means that there is opportunity for sellers coming to the market in early 2023.
Whether buyers are actively searching for property or happy to bide their time, they are all committed to moving. Analysis shows that mortgage rates are falling back and as greater supply enters the market, both buyers and sellers will have greater clarity.
At Finest Properties we have been working closely with new clients, preparing a fantastic selection of properties for the 2023 market. If you’re thinking of selling, contact us today to find out more about how we can help you.
Secure your place in our property portfolio today and give yourself a head start on the 2023 property market.