Zoopla UK House Price Index – DECEMBER 2023
Executive summary
• Annual house price inflation is -1.1%, down from +7.2% a year
ago
• Market sentiment improving with new sales agreed +17% year-
on-year
• House price falls starting to moderate as sales improve
• Mortgage regulations a key reason for only modest price falls in
2023, along with strong labour market and rapid earnings
growth
• First-time buyers are largest group of would-be movers in next
2 years (40%) followed by upsizers (34%)
• Almost half of buyers living in southern England looking to move
>10 miles in search of better value for money
• House prices to fall 2% over 2024 with 1m sales
(Watch/Listen) https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-december-2023/
#fifeproperty
#fifeestateagent #housepricegrowth #buyerdemand #firsttimebuyers #inflationdown
