Orchard Market Overview

Uk consumer confidence remains stable, employment levels remain high and historically low interest and mortgage rates continue to offer excellent opportunities for those looking to purchase a property. Mortgage lending rose to its highest level since 2007 at the start of the year, aided by strong first-time buyer interest, while sales during the first quarter of 2017 were 5.6% higher than at the end of 2016. With the election over, we anticipate a rise in activity in the housing market over the coming months. In the last two years, July and August have been unusually busy and due to the uncertain political landscape in the spring months, Orchard are expecting the same this year.