Zoopla UK House Price Index – NOVEMBER 2023
Executive summary
• UK house price inflation slows to -1.2%, down from 8.2% a year
ago
• Price falls extend across country, but declines remain modest
• No acceleration of price falls in markets with highest values
• Greater realism on pricing supporting new sales volumes which
are 15% higher than a year ago and 5% up on 2019 levels
• Homes for sale touches a 6-year high boosting choice and
reenforcing the buyer's market and downward pressure on
prices
• Sellers accepting 5.5% off the asking price to agree sales, an
average discount of £18,000 - the largest gap for over 5 years
• Discounts to asking prices for agreed sales are 6.1% in London
and the South East (£25,000) and 4.8% (or £11,000) for rest of
UK
(Watch/Listen) https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-november-2023/
#fifeproperty #fifeestateagent #housepricegrowth #buyerdemand #buyersmarket #inflationslows
