📊 Key Points:
- Current Growth: The UK GDP grew by 0.70% quarter-on-quarter in Q1 2024, higher than last quarter’s -0.1% and slightly above market expectations.
- Market Impact:
- Stable Growth: This moderate growth indicates economic stabilization, positively impacting the real estate market by boosting consumer confidence.
- Housing Demand: As the economy stabilizes, housing demand may steadily increase as more people feel secure in their financial situation.
🔍 Expert Insights:
- The slight GDP growth suggests cautious optimism. For potential homebuyers, this stability could mean more favourable mortgage rates.
📢 Call to Action: Stay informed about economic trends to make wise real estate decisions. Considering buying or investing? Now might be a good time to explore your options.
Brickong is a second-hand estate agent based in South London, specialising in areas such as Sutton, Kingston upon Thames, New Malden, Guildford, Epsom, and Wimbledon. Click the links for more details on our Property Buying Services or Property Renting Services.
Disclaimer: The information provided on this site should not be considered investment advice. Please evaluate and determine the benefits and risks of any investment carefully. If in doubt, seek professional advice.