Housing market ‘increasingly relying on a smaller pool of serious buyers’
Committed buyers, including cash purchasers and those with pre-approved mortgages, sustain the UK housing market despite a 13% drop in buyer inquiries, Zoopla reported.
8 Articles
8 Articles
Housing market softens while relying on ‘smaller pool of serious buyers’
The overall number of homes for sale has increased by 6% annually
Buyer demand drops 13% as Iran war shakes confidence: Zoopla
Buyer demand has fallen by 13% in March compared to the same month last year, as surging mortgage rates and uncertainty have impacted confidence. The latest house price index from Zoopla shows that annual growth in asking prices has remained stable month-on-month at 1.3% in…The post Buyer demand drops 13% as Iran war shakes confidence: Zoopla appeared first on Mortgage Strategy.
House hunter enquiries slump 13% in March, Zoopla warns
Property buyer demand has slumped 13% this month amid uncertainty about the global economic situation, the latest Zoopla house price index reveals. The portal says “rising mortgage rates and uncertainty impacted confidence”, although sales agreed are only down 2%. Growing gap There is a “growing gap between sales agreed and buyer demand”, which is “the key theme in March”, Zoopla says. The year-on-year figures show buyer enquiries dropped 13%, w…
Housing market holds firm as serious buyers drive sales, enquiries fall 13%
Housing market holds firm as serious buyers drive sales, enquiries fall 13% - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our free daily newsletter.
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