House sales up 17% compared to a year ago, says Zoopla

sales

Cash buyers expected to account for a third of all house sales this year, as higher mortgage rates bite

House sales in December have exceeded expectations, with a 17% increase in new sales agreed this month compared to the same time last year, according to Zoopla data. 

According to the latest Zoopla house price index, buyer demand is 19% higher than this time last year, when higher mortgage rates were impacting overall market activity. 

The index states that an increase in available supply of homes for sale is boosting choice and increasing sales as buyers and sellers are becoming more aligned on pricing. 

Login or Register for free to continue reading Housing Today

To continue enjoying housingtoday.co.uk, REGISTER FOR FREE

Already registered? Login here

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:

  • Breaking industry news as it happens
  • Gain access to Housing Today’s Specialist CPD modules
  • Expert News and analysis

It takes less than one minute….

Join the Housing Today community - REGISTER TODAY

… or subscribe for full access - Subscribe now