The Bank of England has held interest rates at 3.75%, as policymakers continue to weigh persistent inflationary pressures against a still uncertain economic backdrop.
National data from Zoopla suggests this is translating into a more measured housing market across the UK.
Buyer demand has softened compared to earlier peaks, but remains resilient overall, with activity increasingly concentrated among more serious, financially prepared purchasers. The result is a market that is rebalancing.
Myles Moloney, Regional Director of Chase Buchanan comments:
“A hold on rates should give buyers in Richmond and South west London the confidence to act. With less uncertainty, we expect those already in the market to move forward with longer term decisions.
“We are seeing consistent demand for well-located family homes in key school catchments, where buyers remain focused on securing the right property for the long term.”