Gap between average asking & sold prices widens to 17%
'Sellers remain largely over-confident when it comes to their asking price expectations versus the price they are actually able to sell their property for,' says Yopa.
Industry Reactions: ONS data shows average house prices increased in January
Official UK HPI data indicates new-build sales are driving price increases while resale property values continue to fall.
UK HPI: House prices increased by 2.2% in the year to May
London property values have increased for the first time on an annual basis since May 2023.
UK house prices are ‘currently 8% over-valued’ – Zoopla
Property prices are likely to morph from "over-valued" to "fair value" by the end of the year, says property portal, despite an anticipated 1.5% increase in average prices.
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