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

First Name

Last Name

Mobile Phone

Your Email Address

Are you looking to

Buy

Sell

Rent

Let

Please enter message here

Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)

Confirm

Avoid Costly Mistakes: How to Find the Perfect Estate Agency For Your Sale

Read this article before you instruct an estate agent to sell your home for you. The cheapest fee or the largest agency are not necessarily the best options for you.

CLICK HERE >

Selling Property with Tenants: Here's What You Need to Know

Do you have a property rented out and are considering selling it? Are you wondering whether this is even possible or how to go about relieving yourself of the duties of being a landlord? Read this article to find out.

CLICK HERE >

Stop Black Mold From Ruining Your Home: Essential Tips for Prevention

Black mould in our homes is not just an eyesore, it's a serious health hazard. As the seasons change and temperatures drop, it's crucial to take steps to prevent its formation in your home or rental properties. Let's delve into how you can tackle this issue.

CLICK HERE >

Property Valuations Explained: Find the Most Accurate Method for Your Needs

If you are at the very early stage of planning to move, just thinking about it, is it too early to arrange a valuation of your home? Read this article to learn about the various valuation options available to you and how accurate they are.

CLICK HERE >