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Mar 3 2023, 07:00 GMT
Disruptive Technology
February UK housing snapshot: smoke on the water
- Companies : OnTheMarket plc | Rightmove plc | Purplebricks Group plc
DAVY VIEW
Mortgage approvals were revised up for December 2022 and are seemingly hanging tough in January 2023 – is this the famous resilience of the UK housing market or the calm before the storm? Lloyds forecast a 7% fall in prices in 2023. 2023 is shaping up to be a tough year for estate agents, evident by Purplebricks (PURP) being put up for sale as poor leadership, operational confusion and a declining market share weigh.
