House price falls slow to -0.3% and market activity improves with more sales, lower discounts and greater choice. Here’s the latest on the UK housing market from the Zoopla House Price Index for March 2023.
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The average UK rent is now £1,223 after a +7.8% rise in the last year. Rents for new lets will rise more slowly this year, but only a major supply boost will help with rental affordability.
9 in 10 homeowners who sold up in 2023 made 25% in profit, with the average seller of a £275,000 property earning £74,000. How much money did your home make?
It was a disappointing Budget for anyone hoping for measures to help home buyers and mortgage borrowers but tax changes announced could have a small impact.
National insurance cut from 10% to 8%, Child Benefit threshold raised to £60,000, fuel duty frozen and inflation on track to hit 2% target in the next quarter.
New reforms requiring planning permission for short term holiday lets could come into force as early as this summer under new government proposals.
Looking for a bargain? Let’s uncover the places where new-build homes are cheaper than resale properties.
The housing market continues to recover with house price falls steadying and 15% more property sales than this time last year. Get the latest on house prices and market trends with our House Price Index for February 2024.
