The housing market has shown signs of stabilization:
- Price Adjustments: As of March 2024, there was a marginal monthly increase of 0.2% in housing prices, with an annual growth rate stabilizing at 3.4%, indicating a nuanced picture of the housing landscape.
- Sales Surge: In October 2024, property sales surged by 51.3% compared to the same month the previous year, reaching the highest figures since May 2007. This uptick is attributed to expectations of price increases, reduced interest rates, and improved mortgage conditions.
