Why NOW is the best time to buy

1. Increased Buyer Confidence - Stabilisation of interest rates and the competitive mortgage rates offered by lenders are renewing buyer confidence. This increases confidence and could lead to more people entering the market, driving demand and potentially pushing up prices.

2. Inflation Control - the control of inflation signals a more stable economy. When inflation is under control, people feel more secure about their financial future, which can encourage investment in property.

3. Early Signs of Market Recovery - the busy start to January, as compared to 2023, could be an early indicator of a recovering market. A trend of increasing activity usually precedes a rise in property prices.

4. Pent-up Demand - Mention the possibility of pent-up demand from 2023. Many potential buyers might have delayed their purchase plans due to the economic climate. With conditions improving, these buyers could re-enter the market, adding to the demand.

5. Investor Activity - investors might see the current situation as an opportune time to buy properties, anticipating future price increases. This investor activity can contribute to rising prices.

6. Government Policies and Incentives - With a general election on the cards for some point this year, there could well be new government policies or incentives aimed at stimulating the property market, these could play a significant role in boosting property values.

7. Global Economic Trends - Increasing foreign investment in the UK property market, which could contribute to rising prices.

8. Supply and Demand Dynamics - If the supply of new housing remains limited, and demand continues to grow, prices are likely to increase.

9. Long-term Investment Perspective - Now that 100% of boomers are past retirement age they may view property as a long-term investment. As the market stabilises, more people might be inclined to invest in property for future security, thus driving prices up.