Zoopla UK House Price Index – AUGUST 2023

<p><strong>Zoopla UK House Price Index – AUGUST 2023</strong></p> <p><strong> </strong></p> <p><strong>Executive summary</strong> </p> <p> </p> <p>• Annual UK house price inflation slows to +0.1%, lowest since 2012 </p> <p>• House price growth ranges from +1.7% in Scotland to -1% in London </p> <p>• Profile of regional house price inflation linked to first-time buyer </p> <p> affordability and the relative cost of renting and buying </p> <p>• Housing transactions still on track for 1 million completions in 2023 </p> <p>• Sales completions 21% lower over 2023, the lowest level since 2012 </p> <p>• Cash buyer sales expected to hold in line with 2022 while mortgage- </p> <p> backed sales likely to be 28% lower as higher rates impact demand </p> <p>• Faster earnings growth improving housing affordability </p> <p>• Lower mortgage rates key to improved demand and sales in 2024</p> <p> </p> <p>(Watch/Listen) <a href="https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-august-2023/">https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-august-2023/</a> </p> <p> </p> <p>#fifeproperty #fifeestateagent #housepricegrowth #buyerdemand #regionalhousepriceinflation #firsttimebuyeraffordability</p> <p> </p>