UK house prices have fallen -1.2% in the last year, bringing the average house price to £264,600. So where’s faring worst, and is anywhere escaping the price falls so far? Let’s find out what’s happening with house prices in November 2023.
The latest articles on house price index
Homes are selling for £18,000 below asking price as the number of properties for sale reaches a six-year high. Our House Price Index for November 2023 dives into the latest housing trends and what it means for next year.
Sellers are accepting average discounts of £18,000, or 5.5% from their asking prices in November 2023. Get the latest from our House Price Index.
Sellers are offering their biggest discounts in five years, with one in four offering 10% off the asking price right now, putting buyers in a strong negotiating position.
Our House Price Index for October 2023 shows that annual house price growth is now at -1.1%. Here’s the outlook for the housing market in 2024 as it continues to adjust to higher mortgage rates.
Our House Price Index forecast edition reveals our housing market predictions for next year. So what will 2024 have in store?
Inflation drop and bank rate pause boosts buyer confidence as mortgage rates start to edge lower.
Mortgage rates are on track to drop below 5% this autumn, boosting buyer confidence as more return to market.
House prices have fallen annually for the first time in a decade, although buyer demand ticks higher and mortgage rates look set to come down.