US EditionChristmas housing market slowdown has started early, says Zoopla
- The UK housing market is slowing down earlier than usual before Christmas, with buyer demand and agreed sales significantly lower than last year, according to Zoopla.
- Certain areas, like Scotland and the West Midlands, are experiencing stronger sales compared to last year, while London and the South East are seeing sharp declines, reports Zoopla.
- Zoopla noted that house price growth is stagnant in southern England but remains strong in regions like Northern Ireland and Scotland, with a reported growth of 7.6% in Northern Ireland.
- Richard Donnell from Zoopla stated that despite the slowdown, there is a record number of homes for sale, suggesting that serious sellers are still looking to buy.
11 Articles
11 Articles
Housing market stalls as 'fearmongering about budget' hurts confidence
House price growth in the UK has slowed and sales have dropped for the first time in two years as more buyers adopt a ‘wait and see’ strategy, according to a new report. Zoopla found that the usual Christmas slowdown has “begun six to eight weeks early”, with buyer demand down eight per cent and sales agreed down three per cent year on year. The slowdown in market activity is concentrated in the higher sales price bands, with a sharper decline i…
Pre-Christmas housing market slump comes early as buyers brace for the Budget – Zoopla
The number of new sales agreed fell for the first time in two years as home buyers paused on plans in anticipation of the upcoming Budget. The post Pre-Christmas housing market slump comes early as buyers brace for the Budget – Zoopla appeared first on Mortgage Solutions.
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