Company Tag: Zoopla

The average discount between asking price and agreed purchase price narrowed from 4.5% in November to 3.9% in March 2024.

Property portal reports a 13% increase in London property listings in the last year.

Zoopla's latest analysis tells of 'greater buyer confidence and more realism on pricing by sellers' - leading to more activity in the housing market.

Zoopla recorded a sharp increase in property sales and London buyer demand in the opening weeks of this year.

From country mansions and castles to suburban semis and a bijou investment flat, Rightmove and Zoopla have revealed which property listings attracted the most online eyeballs this year.

'UK housing still looks expensive by historic standards,' says Zoopla, which expects prices to fall a further 2% in 2024 'as prices and incomes re-align.'

'There are signs that the UK rental market will turn in 2024,' says Richard Donnell; 'rents are reaching the maximum affordable price and rental demand is starting to slow.'

Property prices are still falling across most of the UK as supply improves - with buyers in London and the South East securing the biggest asking price discounts.

'The risk of a major collapse in house prices is becoming less of a concern,' says Zoopla, although some areas could see a 5% decline next year.

Around 40% of sales are falling out of bed at the moment, says the portal.

House prices have fallen annually for the first time in a decade, according to the latest index from property portal Zoopla, as sales supply improves and a 'buyers' market' continues.

'The rented sector is stuck in a seemingly endless cycle of low supply and strong demand,' says Zoopla, which 'has kept rental growth in double digits for 18 months in a row.'