Skip to content

30 Oct, 2023

Recent Data Reveals Stability and Optimism in UK Housing Market

We have some exciting new buy to let deals available right now. Don't miss out and secure the best Liverpool and Manchester investment opportunities, with projected rental yields of 10-15%!

    Property Buyers and Sellers Remain Confident During September 2023

    According to the latest Property Sentiment Index from OnTheMarket, there’s a positive outlook emerging for the UK property market. Serious property seekers and buy-to-let landlords remain active and are proceeding with transactions, regardless of continued economic uncertainty.

    The report for October 2023, which collates data from last month, suggests optimism for buyers and sellers alike during September. They found that 74% of active buyers in the UK were confident that they would purchase a property within the next 3 months.

    On the sellers’ side, 61% believed they would sell their property in the next 3 months. While still a decent amount, this is less than the amount of confident buyers. This difference may reflect the current buyer’s market, in which the purchaser has relative power compared to the seller. But the figure has been unchanged since the month before, suggesting resilience and stability in the market.

    Claim Your Free Buy to Let Costs Guide

    From management fees to service charge, there are a few costs to consider when investing in buy to let property. Download our free guide today on buy to let costs and get up to date with the latest fees.

    What’s the Regional Outlook for the Property Market?

    Regional variations were also set out in the report, pointing to more confidence in the country’s North.

    Sellers in Scotland were most optimistic, with 70% asserting they would sell their property in the next 3 months. This number is 64% in the North West, and similar figures were found in other regions in North England.

    This number drops to 48% in the South West, and other southern areas stand at less than 60%. The only exception is London, which sits at 65%, showing more confidence in the London property market than the rest of the South.

    Need help finding the right property to let out? Our buy-to-let area guides thoroughly examine the UK property investment market to find the top investment hotspots.

    Question mark on a wooden house. Cost estimate. Solving housing problems, deciding to buy or rent real estate. Search for options, choice of type of residential buildings. Property valuation

    Unit A-401 Back on the Market!

    Completed Manhattan apartment back on the market in our sold out, award-winning development with £9,097 Net rental income. Move quickly to secure this unit.

    Properties are Attracting Buyers in a ‘Sensible Timeframe’

    The rate of properties that were Sold Subject to Contract within 30 days of first being listed stood at 37% in September. This is only down slightly from 38% the month previously.

    This shows impressive stability in the face of the cost of living crisis and ballooning mortgage rates. The UK property market is remaining fairly consistent despite these harsh economic conditions. The report states that properties attract buyers within a ‘sensible timeframe’, provided they are not overpriced.

    Property buyers are taking home keys from sellers. Buying a property for investment purposes.

    Completed 2-Bed only £179,950!

    Limited 2-bed apartments available from £179,950 in our completed and tenanted Liverpool development. Assured Net income available on this back to market deal with major savings.

      Rate Hold Provides Boost to Confidence

      In September, the Bank of England kept interest rates on hold for the first time in almost two years, keeping the base rate at 5.25%. This move has brought relief and, according to OnTheMarket’s report, some stability to the UK housing market.

      OnTheMarket’s property research states that the mortgage market benefits from increased competition. Many lenders are ‘reducing fixed-rate mortgages and easing criteria, offering better terms to self-employed borrowers and improved loan-to-income multiples’.

      Some fixes are available at less than 5%, and the amount is set to increase in the year’s final quarter. This is a good sign for the mortgage market, showing lenders are more enthusiastic about lending, and borrowers may increase subsequently.

      Another rate hold is predicted at the Bank of England’s November meeting.

      Stay in the loop with RWinvest’s UK property insights! Whether you’re researching how to make money in property or the best UK buy-to-let areas in 2023, our recent guides will be critical in expanding any property investor’s arsenal!

      Business people sit down and discuss about property investment
      Avatar photo

      Jessica Ferris

      Jessica is a property content writer at RWinvest. Keeping a close eye on the UK property market, Jessica helps our readers stay informed and up to date on the latest market news and statistics.

      Why Choose RWinvest?

      Here are three reasons to choose RWinvest for your next UK property investment.

      We have over 2,000 five-star Trustpilot reviews

      Multiple Award Icon

      We're a multi-award winning investment company

      We offer investments in the best buy to let areas

      Contact Us

      Contact Us

      Want to Get in Touch?

      Fill in the form to contact us today and a member of our award-winning property team will be in touch to help.

        UM Google Review

        I recently had the pleasure of purchasing a flat from RWinvest, and I must say that my experience has been nothing short of exceptional. From the initial consultation to the final handover, every aspect of the process was handled with utmost professionalism, transparency, and efficiency.

        Umut Mutlu

        Google Reviews Logo
        AB Trustpilot Review

        I want to express my sincere appreciation for the outstanding service I've received during my property purchase. The entire process, from start to finish, has been remarkably smooth and efficient. Furthermore, I'd like to commend the excellent service provided by the team. Your commitment to ensuring a five-star customer experience truly shines.

        Angelina Bulgakova

        PG Trustpilot Review

        Like always it has again been a great experience with RW Invest. Chloe from the client care team was really helpful. She dealt with my queries very efficiently and professionally and supported me very well all the way through to the exchange.
        Andy from sales team was amazing as well in helping me shortlisting and finalising the unit I wanted to buy. Overall great experience

        Prab Gill

        Arrow left
        Arrow right