Buyer demand for homes now half the level seen last year

house prices

Zoopla says a quarter of sellers have reduced asking prices as demand in the last month down 47% year-on-year

Annual house price growth in the UK at 7.8% in November is the lowest it has been for a year, according to Zoopla.  

Figures released by the property company today showed sellers are reducing the price of homes to shift them. One in 10 sellers are dropping the price of homes by 5% since September 2022, Zoopla’s house price index said. 

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