UK House Price Index – December 2022 (Watch/Listen)
Jim Parker
January 30, 2023
PODCAST: https://anchor.fm/fife-properties/episodes/Zoopla-UK-House-Price-Index–December-2022-e1u96tg
- House price growth ground to a standstill in Q4 2022, dragging the annual rate of house price inflation lower to +6.5%
- Most regions registered small price falls in Q4 2022
- Demand has rebounded to pre-pandemic levels, in line with 2018 and 10% higher than in 2019
- It’s going to be a slow start to Q1. Early buyers are focusing on flats with a shift away from houses in response to higher borrowing costs and the hit to buying power
- We expect demand to improve further in the coming months as mortgage rates continue to fall and would-be movers realise that large price falls are unlikely to materialise
