{"id":2815,"date":"2024-01-31T16:51:24","date_gmt":"2024-01-31T15:51:24","guid":{"rendered":"https:\/\/pfadvisors.co.uk\/?p=2815"},"modified":"2025-04-07T13:44:40","modified_gmt":"2025-04-07T11:44:40","slug":"residential-property-review","status":"publish","type":"post","link":"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/","title":{"rendered":"Residential Property Review"},"content":{"rendered":"<p><em>Our monthly property market review is intended to provide background to recent developments in property markets as well as to give an indication of how some key issues could impact in the future.<\/em><\/p>\n<ul>\n<li><em>Average house prices in the UK decreased by 2.1% in the year to November 2023.<\/em><\/li>\n<li><em>On a non-seasonally adjusted basis, average UK house prices decreased by 0.8% between October 2023 and November 2023.<\/em><\/li>\n<li><em>The average price in London was \u00a3505,283.[1]<\/em><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2809 alignleft\" src=\"https:\/\/pfadvisors.co.uk\/wp-content\/uploads\/2024\/01\/Zrzut-ekranu-2024-01-30-150830.jpg\" alt=\"\" width=\"239\" height=\"167\" \/><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2813 alignleft\" src=\"https:\/\/pfadvisors.co.uk\/wp-content\/uploads\/2024\/01\/Zrzut-ekranu-2024-01-30-151005.jpg\" alt=\"\" width=\"242\" height=\"233\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;As we move through 2024, the UK property market will continue to reflect the wider economic uncertainty, and buyers and sellers are likely to be naturally cautious when considering making a move. While wage growth is now above inflation, helping to ease cost-of-living pressures for some and improving housing affordability, interest rates are likely to remain elevated for as long as inflation remains markedly above the Bank of England\u2019s target.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-2811\" src=\"https:\/\/pfadvisors.co.uk\/wp-content\/uploads\/2024\/01\/Zrzut-ekranu-2024-01-30-150902-300x260.jpg\" alt=\"\" width=\"300\" height=\"260\" \/><\/p>\n<p>Our latest forecast suggests house prices could fall between -2% and -4% during the coming year, although, as with recent years, forecast uncertainty remains high given the current economic climate.\u201d [2]<\/p>\n<p>[1] The Land Registry, 17.01.2024<\/p>\n<p>[2] Kim Kinnaird, Director, Halifax Mortgages, December 2023<\/p>\n<p>\ud83d\udea8 Data accurate as of the date of publication \u201331.01.2023<\/p>\n<p>\ud83d\udea8Think carefully before securing debts against your home.\u00a0 Your home may be repossessed if you do not keep up repayments on your mortgage.<\/p>\n<p>\ud83d\udea8 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.<\/p>\n<p>&nbsp;<\/p>\n<p>Source: Quilter Financial Planning \u2013 Residential Property Review, January 2024<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our monthly property market review is intended to provide background to recent developments in property markets as well as to give an indication of how some key issues could impact in the future. Average house prices in the UK decreased by 2.1% in the year to November 2023. On a non-seasonally adjusted basis, average UK [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2807,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[28],"tags":[],"class_list":["post-2815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Residential Property Review - Prestige Financial Advisers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Residential Property Review - Prestige Financial Advisers\" \/>\n<meta property=\"og:description\" content=\"Our monthly property market review is intended to provide background to recent developments in property markets as well as to give an indication of how some key issues could impact in the future. Average house prices in the UK decreased by 2.1% in the year to November 2023. On a non-seasonally adjusted basis, average UK [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/\" \/>\n<meta property=\"og:site_name\" content=\"Prestige Financial Advisers\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-31T15:51:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-07T11:44:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pfadvisors.co.uk\/wp-content\/uploads\/2024\/01\/PFA-blog-29.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"940\" \/>\n\t<meta property=\"og:image:height\" content=\"788\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Prestige-FA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prestige-FA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Residential Property Review - Prestige Financial Advisers","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/","og_locale":"en_US","og_type":"article","og_title":"Residential Property Review - Prestige Financial Advisers","og_description":"Our monthly property market review is intended to provide background to recent developments in property markets as well as to give an indication of how some key issues could impact in the future. Average house prices in the UK decreased by 2.1% in the year to November 2023. On a non-seasonally adjusted basis, average UK [&hellip;]","og_url":"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/","og_site_name":"Prestige Financial Advisers","article_published_time":"2024-01-31T15:51:24+00:00","article_modified_time":"2025-04-07T11:44:40+00:00","og_image":[{"width":940,"height":788,"url":"https:\/\/pfadvisors.co.uk\/wp-content\/uploads\/2024\/01\/PFA-blog-29.jpg","type":"image\/jpeg"}],"author":"Prestige-FA","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Prestige-FA","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/#article","isPartOf":{"@id":"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/"},"author":{"name":"Prestige-FA","@id":"https:\/\/pfadvisors.co.uk\/en\/#\/schema\/person\/50d699ec759d89772430606ad51a083e"},"headline":"Residential Property Review","datePublished":"2024-01-31T15:51:24+00:00","dateModified":"2025-04-07T11:44:40+00:00","mainEntityOfPage":{"@id":"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/"},"wordCount":272,"image":{"@id":"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/#primaryimage"},"thumbnailUrl":"https:\/\/pfadvisors.co.uk\/wp-content\/uploads\/2024\/01\/PFA-blog-29.jpg","articleSection":["Archive - Articles from 12 months ago"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/","url":"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/","name":"Residential Property Review - Prestige Financial Advisers","isPartOf":{"@id":"https:\/\/pfadvisors.co.uk\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/#primaryimage"},"image":{"@id":"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/#primaryimage"},"thumbnailUrl":"https:\/\/pfadvisors.co.uk\/wp-content\/uploads\/2024\/01\/PFA-blog-29.jpg","datePublished":"2024-01-31T15:51:24+00:00","dateModified":"2025-04-07T11:44:40+00:00","author":{"@id":"https:\/\/pfadvisors.co.uk\/en\/#\/schema\/person\/50d699ec759d89772430606ad51a083e"},"breadcrumb":{"@id":"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/#primaryimage","url":"https:\/\/pfadvisors.co.uk\/wp-content\/uploads\/2024\/01\/PFA-blog-29.jpg","contentUrl":"https:\/\/pfadvisors.co.uk\/wp-content\/uploads\/2024\/01\/PFA-blog-29.jpg","width":940,"height":788,"caption":"Nieruchomo\u015bci w UK"},{"@type":"BreadcrumbList","@id":"https:\/\/pfadvisors.co.uk\/en\/residential-property-review\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pfadvisors.co.uk\/en\/"},{"@type":"ListItem","position":2,"name":"Archive - Articles from 12 months ago","item":"https:\/\/pfadvisors.co.uk\/en\/kategoria\/archive\/"},{"@type":"ListItem","position":3,"name":"Residential Property Review"}]},{"@type":"WebSite","@id":"https:\/\/pfadvisors.co.uk\/en\/#website","url":"https:\/\/pfadvisors.co.uk\/en\/","name":"Prestige Financial Advisers","description":"Polska firma doradztwa ubezpieczeniowego w UK","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pfadvisors.co.uk\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/pfadvisors.co.uk\/en\/#\/schema\/person\/50d699ec759d89772430606ad51a083e","name":"Prestige-FA","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c01713e825afad3aa6c68cacf3ba6156cc972eeafe14f0117e01a62f08d90a65?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c01713e825afad3aa6c68cacf3ba6156cc972eeafe14f0117e01a62f08d90a65?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c01713e825afad3aa6c68cacf3ba6156cc972eeafe14f0117e01a62f08d90a65?s=96&d=mm&r=g","caption":"Prestige-FA"}}]}},"_links":{"self":[{"href":"https:\/\/pfadvisors.co.uk\/en\/wp-json\/wp\/v2\/posts\/2815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pfadvisors.co.uk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pfadvisors.co.uk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pfadvisors.co.uk\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/pfadvisors.co.uk\/en\/wp-json\/wp\/v2\/comments?post=2815"}],"version-history":[{"count":1,"href":"https:\/\/pfadvisors.co.uk\/en\/wp-json\/wp\/v2\/posts\/2815\/revisions"}],"predecessor-version":[{"id":2816,"href":"https:\/\/pfadvisors.co.uk\/en\/wp-json\/wp\/v2\/posts\/2815\/revisions\/2816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pfadvisors.co.uk\/en\/wp-json\/wp\/v2\/media\/2807"}],"wp:attachment":[{"href":"https:\/\/pfadvisors.co.uk\/en\/wp-json\/wp\/v2\/media?parent=2815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pfadvisors.co.uk\/en\/wp-json\/wp\/v2\/categories?post=2815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pfadvisors.co.uk\/en\/wp-json\/wp\/v2\/tags?post=2815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}