Estate agents are positive in their outlook next year, despite acknowledging that 2023 was a mediocre year.
Fine & Country polled attendees at an event in November, asking them to rate their experiences of 2023 and provide expectations for 2024.
The overall average rating across all regions was 6.82 out of 10 for 2023 – but the outlook for 2024 was 8.49.
While most had a slow start to the year, many reported a strong final quarter last year.
Despite the challenges in 2023 there were some positive aspects, such as more stock coming to market in 2023, and some offices expanded their market share.
Nicky Stevenson, managing director of Fine & Country, said: “Based on the feedback we have received from the network, it is safe to say our agents are optimistic about the year ahead but are realistic about the fact that next year will not be without it challenges.
“While many have experienced a more challenging market during 2023, most believe that 2024 will be a better year and are excited about the potential opportunities that lie ahead.”
According to Stevenson the optimism for 2024 stems from buyers becoming more comfortable with the higher interest rate environment as the new normal.
