Our House Price Index for October 2023 shows that annual house price growth is now at -1.1%. Here’s the outlook for the housing market in 2024 as it continues to adjust to higher mortgage rates.
Richard heads up the Research and Insight team at Zoopla. He and his team harness our rich data to help you get to grips with your home, your move and the most important trends in the housing market.
A regular face in national media, Richard has spent his career advising businesses and the government on all aspects of the housing market. He's best known for providing simple, insightful commentary and honest advice.
Latest articles by Richard Donnell
House prices have fallen annually for the first time in a decade, although buyer demand ticks higher and mortgage rates look set to come down.
Rents continue to rise across the UK, as Scotland overtakes London with the steepest hikes in rental inflation.
High mortgage rates continue to weigh on the housing market as house price growth slows to the lowest level since 2012. Our House Price Index looks at the latest housing trends in August 2023 and how faster wage growth will support property sales in the coming years.
Falling mortgage rates over H1 2023 boosted sales and led to firmer prices. This is set to reverse in H2 as higher mortgage rates hit buying power at a time when sellers are having to accept larger discounts to asking prices.
Annual rental inflation for new lets is up 10.4% year-on-year, with rents taking up the highest proportion of earnings in a decade at 28%. Meanwhile, 51% of landlord sales are happening in London and the South East.
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