Tag: North South Divide

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/Zoopla-UK-House-Price-Index–MAY-2024-e2khhm3

Executive summary

• Annual UK house price inflation is running at -0.1%
• At a city level, price inflation ranges from -3% in Ipswich to +3.6% in Belfast – southern cities continue to register modest price falls
• Momentum in sales activity continues, with 13% more sales agreed
• There are more homes for sale than at any point in the last 8 years – up 20% year-on-year in number terms and 25% higher in value terms
• More supply boosts choice and will keep price inflation in check in H2
• The north-south divide in house price inflation is set to remain
• The general election is likely to reduce the upward momentum in sales agreed, but committed buyers will continue to secure sales.