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Much of the property price rhetoric suggests that property prices double every 10 years and they have grown substantially over time. However, this hasn’t been the case for many years and in fact, out of the 30 cities we track, since 2005, property prices have only risen above the average annual 3.8% inflation rate in only six cities/towns. Read more here.

Read Kate Faulkner's latest private rented sector and buy to let report here.

The indices' predictions of the property market crashing in 2023 were all wrong! Find out why and what is really happening in the property market by reading Kate Faulkner's February 2024 property price and market report here.

Considering everything external factors have thrown at the property market, it is quite incredible that property prices have hardly fallen at all. However, the ‘hidden’ problem in 2023 which will be similar in 2024 is the lack of sales – estimated around 1mn as opposed to the average 1.2mn.

If you listened to the media – or indeed many so called ‘property gurus’ you would think that you just have to buy a property and hey presto you would be rich in just a few years. However, the reality is, since 2005 property prices and indeed rents have not performed well versus the one thing they need to beat to make property a good investment: and that’s inflation.