Landmark Information Group’s Residential Property Trends Q2 2023: A subdued market.
The Q2 2023 edition of Landmark’s Residential Property Trends Report is now live. Within the report, you’ll find the latest insights into the residential property transaction pipeline from listings to SSTC/SSTM, and from searches to completions.
The report found that whilst supply is relatively strong, demand volumes are struggling to progress through the transactional pipeline.
Headlines from Q2 include:
• Supply is up in England and Wales – with listings 12% higher in June ’23 vs June ‘19
• Completions dropped in England and Wales in Q2 ’23 – 39% lower than Q2 ‘19
• In Scotland, the picture is marginally better but buyers are similarly constrained
• Overall, demand volumes struggle to progress across Great Britain as high interest rates, restricted mortgage availability, and squeezed affordability continue to drive an uncertain market.
Download the Cross Market Activity edition for England, Wales and Scotland, and review the latest property market data during the second quarter of 2023.
We hope you find it useful!