📉 UK House Prices Falling and there's more to come | Zoopla Report Nov 2023

Discover the insights behind the current decline in UK house prices as revealed in the latest Zoopla House Price Index report for November 2023. 🏡📉 In this overview, we unpack the key takeaways, explore the driving factors, and provide valuable insights for homeowners and potential buyers alike.

🔍 Key Takeaways:

The average house price in the UK is £264,600 with property prices falling by 1.2% compared to a year ago.

Property sales are holding up despite weaker demand for homes, while number of homes for sale reaches six-year high.

Discounts to asking price average 5.5% or £18,000 - the highest in 5 years - and are even larger in the South of England.

London’s newfound value for money is supporting sales and pricing in the capital.

House prices will continue to fall in 2024 but market activity could pick up if mortgage rates come down.

You can find the full Zoopla House Price Index for November 2023 here:
https://www.zoopla.co.uk/discover/pro...

💬 Share your thoughts in the comments below! How is this report impacting your property plans? Don't forget to subscribe for more in-depth analyses and real estate updates. 🛎️

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