[ Categories ](https://www.pfk.co.uk/news/categories "Categories") [ Tags ](https://www.pfk.co.uk/news/tags "Tags") [ Calendar ](https://www.pfk.co.uk/news/calendar "Calendar") [ Categories: All Categories ](https://www.pfk.co.uk/javascript:void(0); "Categories") Search...Suggested keywords [ x ](https://www.pfk.co.uk/javascript:void(0);) [ Print ](https://www.pfk.co.uk/news/what-will-the-property-market-bring-in-2024?tmpl=component&print=1&format=print "Print") # What will the property market bring in 2024? [PFK News](https://www.pfk.co.uk/news/categories/pfk-news) [Estates](https://www.pfk.co.uk/news/categories/estates) [PFK](https://www.pfk.co.uk/news/blogger/pfk) Monday, 18 December 2023 3732 Hits [ 0 Comments ](https://www.pfk.co.uk/news/what-will-the-property-market-bring-in-2024#comments) [ ![Lynne-Lancaster](https://pfk-estate.b-cdn.net/images/easyblog_images/924/b2ap3_large_Lynne-Lancaster.jpg) ](https://pfk-estate.b-cdn.net/images/easyblog_images/924/Lynne-Lancaster.jpg "Lynne-Lancaster") Whilst some experts are predicting falls of approximately 2-10% on house prices during 2024 it is also being suggested that rising incomes should help improve affordability and therefore transactions will continue. There is speculation that the base/mortgage rates may reduce further and closer to 4% which in turn will give better flexibility on products available and the Autumn statement brought about the extension of the Mortgage Guarantee Scheme until end of June 2025 whilst also announcing investment in the build of new properties. Therefore I believe that the property market will continue to move and whilst I have said this many times before people usually move home (buy, sell or rent) because of personal circumstances which includes family, relocation, downsizing/upsizing and here at PFK we have actually seen an increase in volume of sales during 2023 against 2022 therefore I would hope that whilst the volume of transactions might remain the same or marginally higher we will continue to deliver strong prices for our customers. Rental property remains in strong demand, and I believe this will continue into 2024 and the removal of the Freeze on Local Housing Allowance Funds announced in the Autumn statement, should give over a million households an average of approximately £800 of support for their rental costs. PFK's average tenancy lasts 3-5 years and therefore supply of new instructions are reduced whilst demand remains strong. Since 1876, PFK Estate Agents have been helping customers sell/rent their properties and if you are looking to move we can offer you a complimentary, no-obligation Property Marketing Review. [ ](https://www.pfk.co.uk/javascript:void(0);) [ ](https://www.pfk.co.uk/javascript:void(0);) [ ](https://www.pfk.co.uk/javascript:void(0);) [ ](https://www.pfk.co.uk/javascript:void(0);) [×](https://www.pfk.co.uk/javascript:void(0);) Stay Informed When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them. Your Name E-mail Address [ Why is Spring such a popular time to sell a proper... ](https://www.pfk.co.uk/news/why-is-spring-such-a-popular-time-to-sell-a-property-in-the-uk) [ Winter Newsletter 2023 ](https://www.pfk.co.uk/news/winter-newsletter-2023) #### About the author [ ![PFK](https://pfk-estate.b-cdn.net/images/easyblog_avatar/924_pfk-favicon.png) ](https://www.pfk.co.uk/news/blogger/pfk) ### [PFK](https://www.pfk.co.uk/news/blogger/pfk) [ Subscribe to updates from author ](https://www.pfk.co.uk/javascript:void(0);) [ Unsubscribe to updates from author ](https://www.pfk.co.uk/javascript:void(0);) [ PFK ](https://www.pfk.co.uk/news/blogger/pfk) ##### Author's recent posts [More posts from author](https://www.pfk.co.uk/news/blogger/pfk) [ Monday, 09 November 2026 New landlord and property registration requirements coming in 2027 ](https://www.pfk.co.uk/news/new-landlord-and-property-registration-requirements-coming-in-2027) [ Wednesday, 09 September 2026 Introducing our brand new publication ](https://www.pfk.co.uk/news/introducing-our-brand-new-publication) [ Thursday, 02 July 2026 PFK Estate Agency Appoints New Managing Director ](https://www.pfk.co.uk/news/pfk-estate-agency-appoints-new-managing-director) #### Comments No comments made yet. Be the first to submit a comment [ ![](https://pfk-estate.b-cdn.net/media/com_easyblog/images/avatars/author.png) ](https://www.pfk.co.uk/javascript:void(0);) Saturday, 14 November 2026 Subscribe to the blog (Please fill in your email address to subscribe to updates from this post.)