Charting a course through the turbulence: #OurSteer on what’s ahead for the 2024 Housing Market 

In the transformative landscape of the 2023 housing market, the convergence of high-interest rates, build cost inflation, and an escalating cost of living crisis created a complex environment. This shift has not only affected the development market but also sent ripples through existing housing stock, leading to a notable slowdown in the affordable housing and later living sectors. As the market grapples with these challenges, developers are recalibrating their approaches, keeping a watchful eye on land prices. There are signs of stabilisation and adjustment, providing optimism for a housing market that continues to evolve amidst continued economic uncertainty.