Nationwide’s latest House Price Index showed that after three years of rising values, stability has been restored. With a market returning to more ‘normal’ territory, expectations need adjusting, as a new report from Zoopla revealed.
December saw signs that the sales market was regulating. Rightmove’s latest figures revealed the average price of a property coming to market dropped by 2.1% in the final weeks of 2022. This equated to -£7,862, indicating sellers are adjusting their price expectations in line with current sentiment.
We have been holding our breath to see how political and economic changes have affected the property market. Thankfully, whispers of a crash have proven unfounded and we much prefer Zoopla’s take on conditions. The portal says we’re experiencing a property market ‘shake out’.
Subscribe to receive the latest property market information to your inbox, full of market knowledge and tips for your home.
You may unsubscribe at any time. See our Privacy Policy.