Buyers are now motivated by needs rather than aspirations and four-bed family homes are taking longer to sell as upsizers move away from the market.
Izabella Lubowiecka
Senior Property Researcher
Izabella is a senior property researcher at Zoopla with more than 5 years of experience in residential property.
Latest articles by Izabella Lubowiecka
Asking price reductions are greatest right now for homes that are stuck on the market. So what should you do if you're looking to sell yours?
The average buyer looks for their next home 3.9 miles down the road, but people in the south and in cities are much more likely to spread their wings.
Higher mortgage rates mean that renting has become cheaper than buying a home for the first time since 2010.
The countryside was in hot demand in 2020-21, but cities are now the go-to rental destinations, meaning rural rents are becoming more affordable.
The demand for 3 and 4-bedroom family homes has peaked as buyers with reduced budgets look for cheaper properties and apartments.
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