“We are slowly seeing signs of potential stability”

Tomer Aboody, director of property lender MT Finance:

“As transaction levels reduce, which is what has happened over the past year on the back of lower confidence levels fuelled by rising costs and interest rates, property prices will rise.

“We are slowly seeing signs of potential stability in rates and some reduction in inflation as promised by Sunak, which should come to a head towards the end of the year.

“This will improve confidence in the market and hopefully increase transaction levels, which should keep prices in check.”