Transactions to climb as house prices ‘no longer 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.

'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.

Property values increased by an average of 2.8% in the 12 months to August 2024, according to the latest UK HPI, up from +1.8% annual growth in the previous month.