Zoopla UK House Price Index – FEBRUARY 2024
Executive summary
• UK house price inflation slows to -0.5% on rising sales volumes
• All measures of activity higher with sales agreed up 15%
• A fifth more homes for sale than last year as sellers return
• Seven regions with positive annual price inflation, price falls in
five
• There is a 3-tier housing market split between southern
England, London and the rest of the UK defined by affordability
• Activity boosted by falling mortgage rates which are plateauing
• We expect more sales in 2024 rather than faster price growth
• Sales momentum has been recovering for 5 months and we are
on track for 10% more sales (1.1m) in 2024 than last year
(Watch/Listen) https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-february-2024/
#FifeProperties #FifeEstateAgent #SellersReturn #MortgageRatesPlateauing
