Zoopla UK House Price Index – January 2023

<p><strong>Zoopla UK House Price Index – January 2023</strong></p> <p><br></p> <p>• Annual house price inflation slows to 5.3% down from 8.6% last year</p> <p>• Buyer demand and sales volumes are 20-50% lower than a year ago but slightly ahead of the pre- pandemic years (2017-2019)</p> <p>• 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</p> <p>• Average discount to asking price is £14,000 meaning sellers are having to forgo a third of their pandemic house price gains</p> <p>• Broad based repricing of housing underway - UK house price inflation set to move into low negative year-on-year by summer</p> <p>• Market is still on track for a soft landing with modest price falls of up to 5% and 1m sales in 2023</p> <p><br></p> <p><a href="https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-january-2023/">https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-january-2023/</a></p> <p><br></p> <p>#fifeproperty #fifeestateagent #housepricegrowth #buyerdemand #housepriceinflation</p>