Property market ‘is not slowing as fast as some might expect’ – Zoopla
Property portal predicts house price growth will slow to 5% by the end of this year, but buyer demand remains high in the face of rising interest rates and costs of living.
“A lack of homes for sale rather than a lack of desire from buyers is what is dictating the pace of the market,” says Rightmove, as the UK’s average asking price rises 2.1% in a month.
"Unless high net worth foreign investors return in their pre-pandemic numbers, we can expect the market to continue to recover at a slow and steady pace, rather than with a sharp uptick," says Savills
Another market index tells of slowing buyer demand and less pressure on house prices.
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