Welcome to the August Newsletter.
The housing market in July proved to be quite challenging after the 0.5% interest rate rise at the end of June followed by another 0.25% in July. Now we are in August there are signs of an improvement. There is a feeling interest rates have peaked, and some lenders have indicated they will reduce rates soon.
Although prices have fallen there are signs of returning confidence to the market with a good selection of homes being offered and attracting good levels of interest.
We can look forward to a more buoyant September market.
What are homebuyers looking for?
A stroll to the park! Current homebuyers' essentials include being a 20-minute walk from sizable green areas and having a ground floor toilet in the property.
Click here to read What are homebuyers looking for?.
The best areas in Birmingham for summer activities
Are you looking for the best lakes or parks to visit for summer activities? We have made a list of a few in the West Midlands area, being outdoors is a great way to enjoy the fresh air and get some exercise.
Click here to read The best areas in Birmingham for summer activities.
Flats increase in popularity
With skyrocketing mortgage rates and a cost-of-living crisis, flats are making a surprising resurgence after being overshadowed by houses during the pandemic.
Click here to read Flats increase in popularity.
