PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/Zoopla-UK-House-Price-Index–FEBRUARY-2024-e2gf3u6

Executive summary

• UK house price inflation slows to -0.5% on rising sales volumes
• All measures of activity higher with sales agreed up 15%
• A fifth more homes for sale than last year as sellers return
• Seven regions with positive annual price inflation, price falls in five
• There is a 3-tier housing market split between southern England, London and the rest of the UK defined by affordability
• Activity boosted by falling mortgage rates which are plateauing
• We expect more sales in 2024 rather than faster price growth
• Sales momentum has been recovering for 5 months and we are on track for 10% more sales (1.1m) in 2024 than last year