PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/Zoopla-UK-House-Price-Index–SEPTEMBER-2024-e2ph2kn

Executive summary

• Lowest mortgage rates for 15 months boost sales market activity
• Buyer demand and sales agreed up by over a quarter since 2023
• Buyers remain price-sensitive, which is keeping price rises in check
• UK house prices up 0.7%, from -0.3% a year ago
• House prices are rising by up to 2.5% in more affordable areas
• Almost a third of homes for sale are ‘chain-free’ as investors and second home   owners sell in face of recent and possible tax changes
• Some coastal and rural areas see supply of homes for sale up 40% on last year
• The outlook is for modest price growth and steady growth in sales