UK property market ‘quieter than it was’

The squeeze on household budgets is causing a slowdown to the UK property market, but, according to Jeremy Leaf FRICS, the underlying ‘resilience to the market still seems to be there. As founder of Jeremy Leaf & Co estate agents, and also as former residential chairman of the RICS, Leaf remains confident that the market is holding up, for the time being, albeit at a slower rate. The issues that have arisen are around the rise in base rates and affordability. Surveyors are re-valuing down some properties making it difficult for some to buy, but at the same time it’s clear that the mortgage market is buoyant albeit causing a bit of a bottleneck, currently.  Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.  Follow us on Twitter (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Ftwitter.com%2FIGcom&data=05%7C01%7CDan.Gummer%40ig.com%7C8a3c3fd596a04ad5ed2908da8b3d4249%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C637975392460109936%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=5XYJYhIrdbWc7OU0yP7kSRH1ciokgARigVDPKIWmMVA%3D&reserved=0), Instagram (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.instagram.com%2Figcom_official%2F&data=05%7C01%7CDan.Gummer%40ig.com%7C8a3c3fd596a04ad5ed2908da8b3d4249%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C637975392460109936%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=G00TVE5ouPHTyDwqcoc%2FpZlXWHQGCRx8y9p29JORsQ8%3D&reserved=0) and YouTube (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.youtube.com%2FIGcom%2Ffeatured&data=05%7C01%7CDan.Gummer%40ig.com%7C8a3c3fd596a04ad5ed2908da8b3d4249%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C637975392460109936%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=nBprUTMkcEEfYBtSEWmJdWajDAXub98qawYPSoERihk%3D&reserved=0)