{"id":593272,"date":"2023-12-08T09:25:36","date_gmt":"2023-12-08T09:25:36","guid":{"rendered":"https:\/\/tppuk.com\/?p=593272"},"modified":"2023-12-08T09:26:52","modified_gmt":"2023-12-08T09:26:52","slug":"latest-property-market-report-2023","status":"publish","type":"post","link":"https:\/\/tppuk.com\/cy\/sales\/latest-property-market-report-2023\/","title":{"rendered":"Latest Property Market Report"},"content":{"rendered":"<p><strong>As 2023 draws to a close, the economic backdrop is slowly and steadily uplifting, with the housing market proving its resilience.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Improving outlook<\/h2>\n\n\n\n<p>Inflation experienced the sharpest decline in three decades, falling to 4.6% in October from 6.7% in September, now at its lowest rate since November 2021 (ONS). The economy is growing, and incomes are rising, with wage growth at 7.7% in Q3 (ONS). With encouraging news, there has been an uptick in consumer confidence, increasing six points in November to -24, with improvements across all measures (GfK Consumer Confidence Tracker). The pace of house price moderation also appears to be steadying, with a net balance of 63% of property professionals reporting house prices falling in October, down from 67% in September (RICS).<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"750\" height=\"750\" src=\"https:\/\/tppuk.com\/wp-content\/uploads\/DECEMBER-2023-Regional-report-stats-Square.jpg\" alt=\"\" class=\"wp-image-593274\" srcset=\"https:\/\/tppuk.com\/wp-content\/uploads\/DECEMBER-2023-Regional-report-stats-Square.jpg 750w, https:\/\/tppuk.com\/wp-content\/uploads\/DECEMBER-2023-Regional-report-stats-Square-12x12.jpg 12w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\">Autumn Statement<\/h2>\n\n\n\n<p>In the Autumn Statement, the Chancellor announced cuts to employee National Insurance from 12% to 10%, saving the average earner \u00a3450 per year. Reductions to National Insurance for the self-employed have also been announced, affecting an estimated 39% of landlords with five or more properties. The government has committed to supporting the building of more homes, extending the mortgage guarantee scheme and increasing the national living wage. Long-awaited reforms to the leasehold system have started their progress through Parliament, with new laws promising \u2018significant new rights and protections\u2019 that could be in motion before the next General Election.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"750\" height=\"750\" src=\"https:\/\/tppuk.com\/wp-content\/uploads\/DECEMBER-2023-Regional-report-stats-1.jpg\" alt=\"\" class=\"wp-image-593276\" srcset=\"https:\/\/tppuk.com\/wp-content\/uploads\/DECEMBER-2023-Regional-report-stats-1.jpg 750w, https:\/\/tppuk.com\/wp-content\/uploads\/DECEMBER-2023-Regional-report-stats-1-12x12.jpg 12w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/figure><\/div>\n\n\n<p><strong>To read the full report<\/strong> please follow the link brought to you form The Guild of Property Professionals at: <a href=\"https:\/\/pageturner.guildproperty.co.uk\/walesreportwinter2023\" target=\"_blank\" rel=\"noreferrer noopener\">walesreportwinter2023 &#8211; Page Turner (guildproperty.co.uk)<\/a>.<\/p>\n\n\n\n<p><strong>Or to discuss and find out what\u2019s happening locally<\/strong> \u2013 contact your local Guild agent at #Holyhead #Llangefni #Bangor and #Caernarfon at <a href=\"https:\/\/tppuk.com\/cy\/contact-us\/\">https:\/\/tppuk.com\/contact-us\/<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>As 2023 draws to a close, the economic backdrop is slowly and steadily uplifting, with the housing market proving its resilience. Improving<\/p>","protected":false},"author":9,"featured_media":593273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[91],"tags":[],"class_list":["post-593272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sales"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Latest Property Market Report - Williams &amp; Goodwin<\/title>\n<meta name=\"description\" content=\"Latest Property Market Report - Click here to read more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tppuk.com\/cy\/sales\/latest-property-market-report-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Latest Property Market Report - Williams &amp; 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