Further to Savills’ market insights from January 2024 Report stating ‘House prices remained flat in December, putting the total value change over 2023 at just -1.8%, according to Nationwide. This average conceals significant regional variation. The relative resilience of house prices has been supported by falling mortgage rates.‘ For the full article click here.
Andrew Fraser, CCO at Assetz Capital, comments “Savills’ report reveals a balanced national housing scene, with specific regions like Lancashire boasting a 7.3% annual growth and Scotland resilient at 0.6%. Despite encouraging spikes in sales agreed (December at a 9-month high) and mortgage approvals nearing 75%, completed sales still lag behind normal periods by c.20%.
At Assetz Capital, we leverage these geographical market nuances to provide bespoke development lending. Our geographically tuned solutions, coupled with an extensive network of property development relationship directors in Scotland, NI, England and Wales, ensure a tailored approach for each unique market risk.”
If you would like to explore potential funding solutions, do not hesitate to connect with our team of property experts today.
