Market Update: Property market stabilizing after recent fluctuations

The property market has experienced some interesting dynamics lately, including price fluctuations and changes in interest rates. However, experts believe that the market is now stabilizing, with mortgage brokers and traders predicting a peak in interest rates. Estate agents have also reported increased interest in the property market since January, indicating a positive upward trend. While the first-time buyer market may still face challenges, the presence of American investors and the affordability of UK property for buyers holding dollars offer opportunities for investment. Overall, the market is expected to show buoyancy in the coming months.