Tag: Housing Supply

 

PODCAST: https://anchor.fm/fife-properties/episodes/ZOOPLA-UK-House-Price-Index-November-2022-e1sjijc

 

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

 

 

Headline statistics for September 2022

 

The average price of a property in Scotland was £191,941

 The annual price change of a property in Scotland was 7.3%

 The monthly price change of a property in Scotland was -0.9%

 The index figure for Scotland (January 2015 = 100) was 142.2

 

PODCAST: https://anchor.fm/fife-properties/episodes/ZOOPLA-UK-House-Price-Index-Aug-2022-e1oiat3 

 

Executive summary

The Housing market is transitioning to a buyers’ market as higher mortgage rates are set to cut buying power by up to 28%

 

The jump in house prices over the pandemic is compounding the affordability challenge, especially in southern England

 

Some regions have seen 10 years of house price growth compressed into two years

 

New sales are holding up with no sudden drop in demand in recent weeks but buyer interest is weaker than a year ago

 

Asking price reductions are at the highest levels since before the pandemic as sellers adjust to more price sensitive demand

 

Stamp duty changes will support regional markets and first buyers in southern England at a low cost to the exchequer.