Changes to the Housing Market in 2023

Minesh Patel13 Mar, 2023Finance

The housing market is forever evolving, and 2023 is no exception. So, here we discuss the evolution and some predictions regarding the housing market for this year. We will also cover some solutions to fighting the tide of incoming changes. There have already been several predictions that the housing market is set to cool this year. At the end of 2022, we saw the RICS report that sales activity in the residential housing sector was declining, with demand from new buyers plummeting to -38%. This, combined with national statistics on sales expected to fall by -25%, shows mounting evidence that we will see a cooling period approaching in 2023.