With rents up £2,200-a-year since the start of the pandemic and supply 33% down on the five-year average, Zoopla's Executive Director of Research Richard Donnell takes a look at what's happening in the rental market.
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Thinking about selling but wondering what sells in the current market? We take a look at the trends of demand among buyers to see what they're looking for right now.
The latest rise in the base rate to 4.25% is unlikely to have an impact on new fixed rate mortgages in 2023. Our Executive Director of Research, Richard Donnell, explains why.
The truth is, you can look at it either way. Here’s why there’s both good and bad news for homeowners in 2023.
Our latest House Price Index shows current housing market conditions are close to the pre-pandemic years, with demand 8% higher and sales agreed up 1%.
However, homes grew by £42,000 in pandemic, suggesting sellers are having to forgo around 33% of their pandemic gains in order to achieve a sale.
As the housing market shifts to a buyers' market, sellers are accepting offers on their asking prices, meaning there's more wiggle room to negotiate on price.
The best new mortgage deals are now at below 4% for lower loan-to-value remortgages, a major improvement on the average rate of 6% in November 2022. Here's how much further I think they will fall.
The average UK rent has increased £120 in the past year with London, Manchester and Glasgow seeing the biggest hikes.
