Activity in the housing market continues to reach a balance (1).
Prospective buyers continue to return to the market, as the number of sales agreed is on the rise. According to Zoopla, there were 12% more agreed sales year-on-year in April (1) and the number of agreed sales has now been higher than the same time last year for four months running.
Sellers are also returning – after fewer sales in 2022 and 2023 when mortgage rates increased substantially, Zoopla’s April data shows that the housing market is on track for 1.1 million completions in 2024, which is a 10% increase on last year.
Your home may be repossessed if you do not keep up repayments on your mortgage.
