May 20, 2024

House prices will remain broadly flat over the rest of the year, according to Zoopla’s projections

House prices will remain broadly flat over the rest of the year, according to Zoopla’s projections

According to forecasts by Zoopla, the housing prices are expected to remain largely stable throughout the remainder of the year. This observation is substantiated by Nationwide's report indicating a slight drop of 0.1% in housing prices last month. Zoopla also mentions a strengthening market with evidence being the reduction in the number of listings that experienced more than a 5% price cut - a figure that dropped from 28% in February to 18% now. Yet, they concede that the future trend largely hinges on the mortgage market.