Over the last few years, the UK housing market has been shown to be as resilient as it is turbulent. New data has revealed that the value of the UK housing market returned to growth last year after a combination of mortgage rates dropping and affordability constraints easing. According to Savills, the total value of the UK housing market expanded by 6.3% in 2024 to £379bn.
Additionally, buying a property is still a goal for many households across the country. The increase in spending on housebuying was fuelled by first-time buyers, who increased their mortgage debt by 21.4%. As the housing market continues to grow in value and many first-time buyers are still striving towards property ownership, the UK housing market once again proves its resilience.
Apartment for sale in London, W12
In this evolving landscape, working with a knowledgeable estate agent is essential. Austin Homes stands out as a trusted partner in London’s property market, offering expert guidance to buyers, sellers, and landlords. With a deep understanding of local trends, we provide tailored advice to help clients navigate every step of the process with confidence and ease.
Austin Hayes, Managing Director of Austin Homes, commented, ‘We anticipated a rise in demand due to the stamp duty changes. This market continues to shift, but we are fully prepared to guide our clients through any challenges ahead.’
As a leading East London estate agency, Austin Homes specialises in property sales, purchases, and rentals across the region. Our in-depth market knowledge, regulatory expertise, and commitment to customer satisfaction make Austin Homes a trusted choice for securing your next home.
Press Contact
Miss Zoe Ford
Website: whymedia.com / marketingnewscast.com
Email: press@whymedia.com
Telephone: 020 3007 6002
This news story was created by Why Media, a leading design and marketing agency specialising in construction, property, and retail. If you would like Why Media to support your press or communications needs, please don't hesitate to contact us.
Subscribe to receive the latest property market information to your inbox, full of market knowledge and tips for your home.
You may unsubscribe at any time. See our Privacy Policy.