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Sales activity up compared to this time last year

Posted 7 months ago.
Sales activity up compared to this time last year
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Sales activity up compared to this time last year

Zoopla’s latest House Price Index reveals 13% more sales agreed than this time last year. The number of homes for sale is up 20% year-on-year and 25% higher in value terms than at any point in the last 8 years. More supply means more would-be buyers, as most sellers are also buyers. Nationwide has also reported that the property market appears to be showing signs of resilience in the face of ongoing affordability pressures.

UK house prices increased by 0.4% in May which resulted in a slight pickup in the annual rate of house price growth to 1.3% in April, from 0.6% the previous month. Consumer confidence has improved noticeably over the last few months supported by solid wage gains and lower inflation. HMRC Property Transactions Data which showed the seasonally adjusted estimate of the number of UK residential transactions in April 2024 is 90,430, 10% higher than April 2023 and 5% higher than March 2024.