Letting Agent Podcast

House Prices & Number of House Sales at UK Record Levels. This week’s UK Property Market Weekly Report on YouTube for the week ending Sunday, 4th February 2024, presents a continued robust picture of the UK Property Market. · House Prices on Sale Agreed homes rise in Jan ’24 to £331.35 / sq.ft - a rise of 1.39% from Q4 ’24 levels (£326.80/sqft) · House Prices on Exchange of Contracts homes rise in Jan ’24 to £336.83 / sq.ft - a rise of 2.26% from Q4 ’24 levels (£329.37/sqft) · £/sqft at Sale Agreed predicts Land Registry House Price Stats with a 91% correlation rate, 5 months before the Land Registry House Price Stats are published - hence this is an important stat. · Listings for Week 5 of 2024 hit a 8-year record high. · Gross sales up 5.2% on week before (& 36% higher than the Jan ’24 weekly average) · Net sales up 4.8% on week before (& 43% higher than the Jan ’24 weekly average) · Sale fall-throughs continue to be at record lows.