Zoopla UK House Price Index – FEBRUARY 2024 (Watch/Listen)

 

 

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