UK House Price Index – December 2022 (Watch/Listen) - Fife Properties
Fife Properties

UK House Price Index – December 2022 (Watch/Listen)

 

PODCAST: https://anchor.fm/fife-properties/episodes/Zoopla-UK-House-Price-Index–December-2022-e1u96tg 

 

  • House price growth ground to a standstill in Q4 2022, dragging the annual rate of house price inflation lower to +6.5%

 

  • Most regions registered small price falls in Q4 2022

 

  • Demand has rebounded to pre-pandemic levels, in line with 2018 and 10% higher than in 2019

 

  • It’s going to be a slow start to Q1. Early buyers are focusing on flats with a shift away from houses in response to higher borrowing costs and the hit to buying power

 

  • We expect demand to improve further in the coming months as mortgage rates continue to fall and would-be movers realise that large price falls are unlikely to materialise

 

 

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