Zoopla UK House Price Index – APRIL 2024
Executive summary
• Annual house price inflation is -0.2%, unchanged
from February
• Prices broadly static but sales volumes are up 12%
year-on-year
• 64% of homes in markets with price falls, down from
82% last October
• Higher mortgage rates continue to impact buying
Power
• Annual mortgage costs for buyers are 61% higher
than 3 years ago - two thirds down to higher rates
and one third due to higher prices
• Buyers in Southern England face greatest impact,
compounded by stamp duty and other costs,
which will keep price inflation in check
• Price inflation split between south and rest of the
UK to continue “The housing market continues to
adjust to higher mortgage rates. Sales volumes are
rising and house prices are flat. What the market needs
most is continued price stability which will create the
environment for continued growth in sales.” Richard
Donnell
• The market is on track for 1.1m sales in 2024, up 10% on
last year
(Watch/Listen) https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-april-2024/
#FifeProperties #FifeEstateAgent #SalesVolumeUp #HigherMortgageRateImpact
