Movera - Property transactions comment
31 October 2023
Mark Tosetti, partnerships director at Movera said:
“With September data based on applications and approvals from months before, the effects of mounting interest rates in a challenging market are still evident. No major surprises in this morning’s data with a marginally drop September transactions against August, and a 17% drop year on year, which was just before the horror show mini budget.
“After the steadying of inflation, all eyes will be on the MPC decision on Thursday. The industry will be hopeful of a smoother close to the year.
“Through collaboration with our partners, the focus will be on providing expert advice for those looking to move or remortgage this year, in particular the reported 340,000 fixed-rates loans coming to an end in Q4 and further 1.6 million in 2024.”
