{"id":98649,"date":"2025-08-28T12:05:07","date_gmt":"2025-08-28T12:05:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/98649\/"},"modified":"2025-08-28T12:05:07","modified_gmt":"2025-08-28T12:05:07","slug":"zoopla-mortgage-finance-gazette","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/98649\/","title":{"rendered":"Zoopla \u2013 Mortgage Finance Gazette"},"content":{"rendered":"

The UK housing market has seen continued growth over the last 12 months, according to Zoopla\u2019s latest House Price Index.<\/p>\n

\t\t\t \"Victorian-terraced-houses-620x330.jpg\"\/ <\/p>\n

More sales are being agreed (5%) but buyer demand is higher (4%) resulting in a buyers\u2019 market, albeit with variations across the country.<\/p>\n

According to Zoopla, those looking to sell over the autumn selling season must price their homes correctly, while recent tax speculation may have a short-term impact on homes valued at over \u00a3500,000.<\/p>\n

The pace of house price growth has slowed over recent months, due to buyers having greater choice of homes for sale (10% more than last year) and affordability being an ongoing constraint on buying power, especially across the south of England.<\/p>\n

However, the slowdown looks to have stabilised, with average house prices 1.3% higher over the last year. This is below the 2.1% price growth recorded at the start of 2025, but higher than 0.6% this time last year. The average UK house price is \u00a3270,600, \u00a33,560 more than a year ago.<\/p>\n

Media conjecture over potential tax changes,<\/a> including the removal of stamp duty and its replacement with an annual property tax for homes over \u00a3500,000, and a potential capital gains tax liability for home sellers with a property over \u00a31.5m, has stirred the waters and created uncertainty ahead of the Autumn Budget.<\/p>\n

Any changes could impact market activity and buyer expectations.<\/p>\n

The time a property stays on the market is a key indicator of housing market health and is directly linked to house price inflation.<\/p>\n

Zoopla\u2019s latest report shows that in northern regions, a combination of fewer homes on the market than a year ago and better affordability is resulting in speedier sales times.<\/p>\n

In contrast, regions across southern England are experiencing a stronger buyer\u2019s market. The supply of homes for sale is higher than a year ago while higher house prices create affordability problems that have extended the time it takes to agree a sale.<\/p>\n

Commenting on the report, Zoopla executive director Richard Donnell said: \u201c\u201cWe expect UK house price inflation to continue in a range of 1.5-2% over the rest of the year. There are signs that prices are firming in southern England but price growth is slowing across northern regions.<\/p>\n

\u201cThe market continues to record seasonally strong sales as those selling their home seek to secure their next home. The market remains on track for 5% more sales in 2025 at 1.15 million.\u201d<\/p>\n

Knight Frank head of London super-prime sales Stuart Bailey commented: \u201cThe autumn market is about to begin and this year will be shrouded by speculation of how to decipher the government\u2019s messaging on property tax.<\/p>\n

\u201cEither way, sentiment impacts decision making and the longer a property takes to sell (if mis-priced for example), the bigger the risk of something going wrong, as buyers become ever more hesitant, and the risk of market slow down increases.\u201d<\/p>\n

Propertymark chief executive Nathan Emerson warned: \u201cWe are also hearing of future potential proposed changes regarding Stamp Duty. However, it is vital that tax reform is conducted in a way that does not penalise aspiring homeowners with additional costs that hinder their chances of moving house.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The UK housing market has seen continued growth over the last 12 months, according to Zoopla\u2019s latest House…\n","protected":false},"author":2,"featured_media":98650,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[84,467,56,54,55],"class_list":["post-98649","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/98649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=98649"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/98649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/98650"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=98649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=98649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=98649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}