FORTEM PROPERTY MARKET REVIEW Q2: 2023
The trends that were identified in the first three months of
the year have, broadly speaking, stayed on track. For
example, capital values have continued to moderate. An
average of the latest house price indices suggests that house
prices are now much as they were at the same time last year;
neither higher nor lower. However, rental values have
continued to increase very strongly and average growth rates
are now well ahead of the headline rate of inflation. In short,
despite difficult economic conditions, rental properties have
retained their ability to deliver positive real-terms rewards.