REAL ESTATE

Commentary from big players in the Property Market

In my opinion, realistically priced properties will sell and it is time for potential sellers to dip their toes into the water in 2023!

Below is some recent commentary by large national players in the property market.

  • New House supply is still very slow to come on stream and the price points on new builds put them out of reach for many first-time buyers.

  • There is an element of Sellers overpricing in anticipation of continued price growth but moderation in this growth was inevitable.

  • Mortgage Interest rates are rising BUT there is still a strong pipeline of eager buyers, probably driven by the mayhem in the rental market.

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