House prices ‘on track for a 2% increase’ this year as sales activity picks up – Zoopla

London property values have increased for the first time on an annual basis since May 2023.

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.

Higher mortgage rates continue to impact buying power, says Zoopla, as price remain static but sales volumes rise.