ZOOPLA UK House Price Index Sept 2022

<p><strong>ZOOPLA UK House Price Index Sept 2022</strong></p> <p><br></p> <p><strong>Executive summary</strong></p> <p><br></p> <ul> <li>Spike in 2 and 5 year fixed mortgage rates hits demand, down a third since mini budget</li> <li>Sales still being agreed at slower rate, from cash buyers and those with cheap loans -pipeline of nearly 293,000 sales in progress</li> <li>No signs of any impact on pricing expected in Q4</li> <li>Outlook for 2023 depends largely on trajectory for mortgage rates</li> <li>Sustained 6% mortgage rates would lead to double-digit price falls eroding ‘paper’ gains over pandemic but few negative equity cases</li> <li>More likely outcome is a fall in mortgage rates towards 4% and a modest decline in house prices of up to 5% over 2023 with 1m sales</li> <li>Robust labour market and scarcity of supply will support pricing but markets in southern England to feel the greatest impact</li> <li><br></li> </ul> <p>(Watch/Listen) <a href="https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-sept-2022/">https://www.fifeproperties.co.uk/blog/zoopla-uk-house-price-index-sept-2022/</a></p> <p><br></p> <p>#UKHousingMarket #HousingBoom #HousingBust #HousingSupply #FifeProperties</p> <p><br></p>