Property news

Buying, selling or renting? Explore the latest property news, market updates and insightful analysis for the UK housing market with Zoopla's property experts.

  1. A third of homes for sale are cheaper to buy than rent, with the average first-time buyer saving £93 a month on a mortgage instead of renting.

  2. The Bank Rate has remained unchanged for the sixth time in a row since it was raised from 5% to 5.25% in August 2023. Meanwhile, average mortgage rates on two- and five-year fixed rate deals have increased for the first time in six months.

  3. Mortgage rates are not expected to fall further this year, but rising wages are likely to improve affordability for buyers as house prices stay flat.

  4. UK house prices have fallen -0.2% in the last year, bringing the average house price to £263,800. Here’s whether house prices are rising or falling in your region, city and local area in April 2024.

  5. The challenges facing first time buyers and uspizers right now all boil down to one thing: affordability. And buyers in the south of England are suffering the most on this front. Our Executive Director of Research, Richard Donnell, takes a look at what’s happening in the housing market.

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