CONNELLS SUMMER HOUSING MARKET UPDATE

A market in waiting 🏡

Today, we have launched the latest edition of The Housing Brief, bringing together analysis from our dedicated Research team and insight from across our businesses.

While much of the housing market conversation focuses on what is happening today, the theme running through this report is what isn’t happening.

Our analysis points to a market where the desire to move remains strong. People still want to buy, sell, invest and move home. But many are waiting for more predictable and lower mortgage rates, greater confidence and a clearer view of the policy landscape before taking the plunge.

In this edition, our report explores:

• Why higher borrowing costs and affordability pressures could reduce housing transactions by around 100,000 this year.
• How the Renters’ Rights Act is beginning to reshape the rental market, and why reform alone is unlikely to solve the sector’s biggest challenge: a chronic shortage of rental homes.
• What more flexible mortgage lending means for first-time buyers, with higher loan-to-income borrowing becoming more widely available.
• Whether new thinking on property taxation under a new Prime Minister could help or hinder mobility, and the trade-offs involved in moving away from stamp duty and council tax.
• Why Northern markets continue to outperform while affordability, taxation and borrowing constraints weigh more heavily on London and the South.

We are seeing encouraging signs 👏

Demand has not disappeared, and mortgage rates are gradually easing. But the path to recovery will depend on confidence, affordability and policy moving in the same direction.

Read our latest edition of The Housing Brief to find out more 👉 https://lnkd.in/eVbnTdTp