ZOOPLA UK House Price Index Aug 2022

<p>ZOOPLA UK House Price Index Aug 2022</p> <p><br></p> <p>Executive summary</p> <p><br></p> <p>The Housing market is transitioning to a buyers’ market as higher mortgage rates are set to cut buying power by up to 28%</p> <p><br></p> <p>The jump in house prices over the pandemic is compounding the affordability challenge, especially in southern England</p> <p><br></p> <p>Some regions have seen 10 years of house price growth compressed into two years</p> <p><br></p> <p>New sales are holding up with no sudden drop in demand in recent weeks but buyer interest is weaker than a year ago</p> <p><br></p> <p>Asking price reductions are at the highest levels since before the pandemic as sellers adjust to more price sensitive demand</p> <p><br></p> <p>Stamp duty changes will support regional markets and first buyers in southern England at a low cost to the exchequer.</p> <p><br></p> <p><br></p> <p>#UKHousingMarket #HousingBoom #HousingBust #HousingSupply #FifeProperties</p>