Company Tag: Zoopla

'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.'

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Jackson-Stops, Foxtons, Chestertons, Knight Frank, Savills, Prime Purchase & more...

Zoopla expects average UK property prices to be 5% lower by the end of the year - but that would still be 15% higher than pre-pandemic levels.

Zoopla flags 'a postcode lottery' across the UK, with a roughly even split between the number of homes seeing values rise and fall.

The average asking price discount has climbed to 3.8%, says Zoopla, as one in six vendors accept offers at least 10% below their initial asking price.

Property portal and proptech giant unveils an upgraded hub subscribers.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Foxtons, JLL, HMRC, Zoopla, Savills, Knight Frank & more...