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Over the last few weeks, there has been a growing narrative in the national press suggesting that the housing ladder is becoming increasingly difficult to climb. Much of this centres around the widening gap between smaller and larger homes, with many commentators suggesting that homeowners are becoming “stuck” and unable to move up.
Rising mortgage rates have changed the property market, but in Wokingham, stability is creating smarter opportunities for buyers and sellers alike. With realistic pricing, motivated movers and strong local demand, this is a market to understand. not fear.
Prices rose 0.8% in April, showing resilience despite high mortgage rates. Demand is slightly down, but sales remain steady and supply strong. Improved affordability and lending support buyers, especially first-timers, in a more balanced, competitive market.
March’s Rightmove House Price Index shows a 0.8% rise in asking prices, with high supply keeping the market competitive. Buyers gain from choice and stable starter home prices, while sellers need realistic pricing to attract interest.