Zoopla UK House Price Index – May 2023
Executive summary
• UK house prices fall 1.3% over the last 6 months
• Rate of price falls has slowed as activity levels recover
• Stronger growth in new sales brings more sellers into the market
• Above average activity in the N. East, Scotland and London
• Weaker demand but sales hold up in Midlands and southern England
• Regional trends explained by recent price inflation and affordability
• Mortgage regulations have tempered the impact of higher mortgage rates on house prices.
• The prospect of higher mortgage rates in H2 is likely to weaken demand and activity but the scale depends on how high rates
move.
(Watch/Listen) https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-may-2023-2/
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