Zoopla UK House Price Index – MAY 2024
Executive summary
• Annual UK house price inflation is running at -0.1%
• At a city level, price inflation ranges from -3% in
Ipswich to +3.6% in Belfast – southern cities continue
to register modest price falls
• Momentum in sales activity continues, with 13% more
sales agreed
• There are more homes for sale than at any point in the
last 8 years – up 20% year-on-year in number terms
and 25% higher in value terms
• More supply boosts choice and will keep price
inflation in check in H2
• The north-south divide in house price inflation is set
to remain
• The general election is likely to reduce the upward
momentum in sales agreed, but committed buyers
will continue to secure sales.
(Watch/Listen) https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-may-2024/
#FifeProperties #FifeEstateAgent #HousePriceInflation #GeneralElectionEffect #NorthSouthDivide
