Zoopla UK House Price Index – May 2023

<p>Zoopla UK House Price Index – May 2023</p> <p> </p> <p>Executive summary </p> <p><br></p> <p>• Annual house price growth slows but the worst of the month-on-month price falls are now behind us </p> <p>• Demand continues to recover as the number of new sales grows</p> <p>• First-time buyers (FTBs) were the largest buyer group in 2022 and look set to be a strong source of new sales again in 2023 </p> <p>• 3-bed homes remain the most in-demand property for FTBs (40%) but there is a clear shift in FTB demand towards 2-bed flats </p> <p>• Income to buy a 3-bed FTB home has increased by £7,350 since 2020 but this varies by geography </p> <p>• The housing market is more balanced than for some years and sales could exceed 1m over 2023 if current trends continue.</p> <p> </p> <p>(Watch/Listen) <a href="https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-may-2023/">https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-may-2023/</a> </p> <p> </p> <p>#fifeproperty #fifeestateagent #housepricegrowth #buyerdemand #housepriceinflation #firsttimebuyerdemand</p> <p><br></p>