Zoopla UK House Price Index – JULY 2024
Executive summary
• The housing market continues
to adjust to 4%+ mortgage rates with increased market activity rather than
faster price growth
• House prices are broadly
flat over the last 12 months, but prices are higher across all regions and
countries of the UK over H1 2024
• UK house prices are on track
to be up to 2% higher over 2024
• The supply of homes for sale
continues to grow and is 16% higher than a year ago – the average estate agent
has 33 homes for sale
• More supply and choice are
supporting sales growth but will also keep price inflation in check
• Buyers are paying a greater
proportion of the asking price (96.8%), which has rebounded the most in London
and the Southeast
(Watch/Listen) https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-july-2024/
#FifeProperties #FifeEstateAgent #MoreStockAvailable
#4%Mortgages
