House price rises slow again in December, Zoopla says
House price rises slow again in December, Zoopla says
It adds that quarterly price inflation has “slowed quickly”, specifically, from over 2% in the first half of this year to 0.3% over the last three months – “an annualised growth rate of just 1.4%”. Zoopla expects this to turn negative by mid-2023.
The report also says that buyer demand is down 50% on the year before while new sales agreed dropped by 28%.
On top of this, the margin between a property’s asking price and the discount being accepted is at an average of 4% – in early October, this stood at zero.
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