At the beginning of the year, the recovery in the sales market was tentatively taking hold. Four months later, that recovery has solidified further.
Prices have stabilised and leading indicators for transaction activity show promising signs. Mortgage approvals in February were their highest in 17 months.
This will be a slow and steady recovery in prices. Affordability metrics are still stretched, compared to historic market norms. Source: #Dataloft by PriceHubble, HMRC, Bank of England