ZOOPLA UK HOUSE PRICE INDEX REPORT – JUNE 2023

<p>ZOOPLA UK HOUSE PRICE INDEX REPORT – JUNE 2023</p> <p> </p> <p>Executive summary </p> <p>• House price inflation slows to +1.2% as quarterly growth rate turns positive following pick-up in </p> <p>   sales activity over Spring </p> <p> </p> <p>• Quarterly price falls set to return in H2 as higher mortgage rates hit buying power by up to 20% </p> <p>• Jump in proportion of sellers having to accept discounts to asking price of more than 5% in recent</p> <p>   weeks rises to 42%– returning to 2018 levels </p> <p> </p> <p>• UK house prices still on track to fall by up to 5% over 2023 </p> <p>• Further downside risk if we see an acceleration in supply of homes for sale that boosts choice and </p> <p>  further room for negotiation </p> <p> </p> <p>• Anyone serious about selling in 2023 needs to be realistic on pricing </p> <p>• Drawn out realignment of house prices and household incomes ahead</p> <p> </p> <p>Jim Parker provides an insight into the latest house price index report.</p> <p> </p> <p>(Watch/Listen) <a href="https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-report-june-2023/">https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-report-june-2023/</a> </p> <p> </p> <p>#fifeestateagent #fifeproperty #inflation #housepricerealignment #supplyanddemand</p> <p><br></p>