Zoopla UK House Price Index – February 2023

<p>Zoopla UK House Price Index – February 2023</p> <p> </p> <p>Executive summary </p> <p><br></p> <p>• The housing market continues to experience a soft repricing </p> <p>• Annual inflation slows to 4.1%, prices 1% lower than in October 2022 </p> <p>• Market conditions at the end of Q1 are better than many had expected - buyers and sellers are   striking deals at an increasing rate </p> <p>• We expect 500,000 sales completions in H1 2023 meaning we are on track for 1m sales, potentially even higher in 2023</p> <p> • Sales activity is being supported by 65% more homes for sale compared to March 2022 and falling mortgage rates </p> <p>• We find a shift in sales towards markets with better value for money and expect the inner London flats market to see more activity in 2023</p> <p>• High rental inflation will continue to support first-time buyer demand</p> <p> </p> <p>(Watch/Listen) <a href="https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-february-2023/">https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-february-2023/</a> </p> <p> </p> <p>#fifeproperty #fifeestateagent #housepricegrowth #buyerdemand #housepriceinflation</p> <p> </p>