Zoopla UK House Price Index – SEPTEMBER 2023

<p><strong>Zoopla UK House Price Index – SEPTEMBER 2023</strong></p> <p><strong> </strong></p> <p><strong>Executive summary</strong> </p> <p> </p> <p>• Annual UK house price inflation moves negative to -0.5%,</p> <p> ranging from 1.6% in Scotland to -1.5% in the South East and</p> <p> Eastern regions </p> <p><br></p> <p>• Demand ticks higher over September as market sentiment </p> <p> improves </p> <p><br></p> <p>• Buyers unwilling to compromise on what they want in face of </p> <p> higher borrowing costs, waiting for price falls and/or lower </p> <p> mortgage rates </p> <p><br></p> <p>• Mortgage rates expected to fall slowly in Q4 2023 </p> <p><br></p> <p>• Number of buyers will increase once mortgage rates get below </p> <p> 4.5% </p> <p><br></p> <p>• A buyers’ market remains - the average discount to the asking </p> <p> price to achieve a sale up to 4.2%, the highest since 2019 </p> <p><br></p> <p>• Average UK house prices on track to be 2-3% lower over 2023</p> <p><br></p> <p> </p> <p>(Watch/Listen) <a href="https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-september-2023/">https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-september-2023/</a> </p> <p> </p> <p><br></p> <p>#fifeproperty #fifeestateagent #housepricegrowth #buyerdemand #buyersmarket </p> <p><br></p>