ZOOPLA UK House Price Index November 2022
Executive summary
• UK house prices increased by 7.2% over 2022
• Quarterly growth slows rapidly and is set to move negative in Q1
• Discounts to asking price widen to 4%
• Buyer demand 50% lower than last year, new sales agreed 28% lower
• Affordability and value for money are key to the outlook for 2023
• House prices in affordable markets less exposed to higher mortgage rates than in high-value markets where prices have underperformed
• Flight to rural and coastal areas moves into reverse
• Flats and urban areas expected to fare better in 2023
https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-november-2022/
#UKHousingMarket #HousingBoom #HousingBust #HousingSupply #FifeProperties
