CEO Guy Gittins said headline mortgage fixed deals falling below 4% "is certainly stimulating the market" in January after a "challenging" year when sales revenues fell 14%. It was overshadowed by the spike in interest rates that followed the mini-Budget in autumn 2022 and the inflation surge.
But in the year to date, buyer applications at Foxtons are up 30%, while new offers are 20% higher than in 2023.
Encouragingly the number of deal fall-throughs is down by 11%, pointing to a new confidence in the market and a determination to get transactions over the line.
Denne historien er fra January 25, 2024-utgaven av Evening Standard.
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Denne historien er fra January 25, 2024-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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