Zoopla House Price Index February 2023

Zoopla House Price Index February 2023

Zoopla House Price Index February 2023

Executive summary £14k Value of the average discount to asking price in February 2023

• Annual house price inflation slows to 5.3% down from 8.6% last year
• Buyer demand and sales volumes are 20-50% lower than a year ago but slightly ahead of the pre-pandemic years (2017-2019)
• Sellers having to accept an average 4.5% discount to the asking price to achieve a sale – the highest for 5 years as a buyers’ market takes hold
• Average discount to asking price is £14,000 meaning sellers are having to forgo a third of their pandemic house price gains
• Broad based repricing of housing underway - UK house price inflation set to move into low negative year-on-year by summer
• Market is still on track for a soft landing with modest price falls of up to 5% and 1m sales in 2023

Get in touch with us

Outgrown and Overdue? Why 2026 Could Be Your Upsizing Year

More households are reassessing space in early 2026. If your home feels tighter than it once did, this spring may offer the right conditions to move up.

CLICK HERE >

The Renters’ Rights Act: What Landlords Must Know in 2026

The Renters’ Rights Act introduces the biggest changes in private renting in decades. This guide breaks down the facts landlords need now, including key dates and compliance steps.

CLICK HERE >

Landlords: Act Now to Avoid RRA Fines – Not too late to Upgrade to a Fully Managed Service!

With the Renters Rights Act deadline just two weeks away, landlords face significant new responsibilities and potential fines. Discover how switching to a fully managed service can safeguard your investment and ensure complete compliance.

CLICK HERE >

Renew, Move or Wait? A Tenant’s April Guide

For tenants, April is a useful point to pause and plan. With rents still rising across the UK and the first phase of rental reform approaching in England, this is a good time to review your budget, renewal options and next move.

CLICK HERE >