Transactions to climb as house prices ‘no longer over-valued’ – Zoopla
Property portal expects UK house prices to increase by 2.5% in 2025 and by 7.5% over the next three years.
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.
Zoopla expects average house prices to fall 2% in 2024
'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.
Industry Reactions: Official data shows UK house prices climb for a sixth consecutive month
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.
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