If you're considering selling your house in 2024, it's essential to stay informed about what is happening in the English housing market. At Coakley & Theaker, we understand the importance of providing homeowners with up-to-date information and guidance to help them successfully navigate this changing landscape.
Recent data from HMRC reveals important insights into the UK residential property market as of November 2023. It's crucial for homeowners to understand these trends to make informed decisions about selling their homes.
In November 2023, the total number of residential transactions in the UK amounted to 87,640. This figure represents a significant 22% decline compared to November 2022 and a more modest 2% decrease when compared to October 2023.
On a seasonally adjusted basis, the decline in residential transactions mirrors the overall trend, showing a 22% decrease compared to November 2022 and a 1% decrease compared to October 2023.
Of particular note is the fact that residential transactions have declined for the third consecutive month in November, highlighting the evolving nature of the real estate market.
At Coakley & Theaker, our mission is to guide homeowners through every step of the selling process, ensuring that they make informed choices and achieve the best possible outcome. Here's how we can help you sell your house successfully in 2024:
Our experienced team closely monitors market trends and provides you with a comprehensive analysis of your local real estate market. We'll assess current property values, competition, and buyer demand to help you set a competitive asking price.
We create tailored marketing plans for each property, leveraging online and offline channels to maximise your property's exposure. Our strategies are designed to attract the right buyers and generate interest in your home.
First impressions matter. Our team can assist you in presenting your property in the best possible light. We offer staging services and professional photography to make your home stand out.
We are skilled negotiators who work diligently to secure the best possible deal for you. Our aim is to ensure you receive the optimal price and terms when selling your property.
Selling a home can be complex, but our team at Coakley & Theaker simplifies the process. We handle paperwork, legalities, and coordinate with all parties involved to make your sale smooth and stress-free.
Throughout the entire journey, we provide guidance and support, answering your questions and addressing any concerns you may have. We're committed to being your trusted partner in the selling process.
As you contemplate selling your house in 2024, Coakley & Theaker is here to provide you with the expertise and specialist assistance you need. Despite market fluctuations, with the right guidance and strategies, you can achieve a successful sale. Trust us to be your partner in making your real estate goals a reality. Contact us today to start your journey toward a successful home sale.
Nathan Emerson, CEO of Propertymark, commented: “2023 has not been without challenges for the housing market, with price fluctuations being a strong indicator of wider economic health. We have seen a brutal mix of high inflation and elevated interest rates knock consumer confidence across the year. Propertymark are positive the peak of the turmoil is now hopefully behind us; however, we must tread with caution over the coming months. We are currently seeing pockets of house price growth, which is reassuring, but to be fully confident this must be universally seen across the entire UK.”
At Coakley & Theaker, we aim to support the local community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today by calling us on 01284 769691.