Zoopla UK House Price Index – JANUARY 2024
Executive summary
• UK house price inflation moderates to -0.8% on rising sales
volumes
• Strong seasonal rebound in sales activity in first weeks of
January on back of pent-up demand and sub-5% mortgage rates
• Demand up 12% year-on-year, led by London and East of
England
• Sales agreed up 13% year on year - sales up across all regions
• Available homes for sale over 20% higher than a year ago
• Important not to over-interpret the positive start to the year –
there is some upside for sales volumes, but we remain in a
buyers’ market
• A fifth of sellers having to accept more than 10% below the
asking price to secure a sale, closer to 1 in 4 across southern
England
(Watch/Listen) https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-january-2024/
#FifeProperties #FifeEstateAgent #SeasonalRebound #SupplyAndDemand
