Tag: Zoopla
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Britain’s Most Affordable Towns for Home Buying
Cumnock, a charming town in East Ayrshire, Scotland, stands out as the most affordable location in Britain to purchase a property, according to the latest data from Zoopla. With an average home price of £79,030, it is significantly lower than the UK’s average home cost. This price point is almost £200,000 less than the typical…
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Low Supply of “Bills Included” Rental Properties
A recent study reveals a significant gap between what tenants want and what the rental market currently offers. The study conducted by Zero Deposit involved a survey of over 2,400 tenants. The findings were clear: a majority of 55% expressed a preference for rentals where utility bills are included in the rent. This preference is…
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Understanding Dover’s Falling House Prices
The seaside town of Dover in Kent has recently experienced a notable decline in property prices. Dover, known for its stunning seaside views and strategic port, has seen a significant decrease in property prices. According to recent data from Zoopla, house prices have plummeted by three percent. This decline translates to an average drop of…
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UK Property Market Trends: What’s Selling Fast?
When it comes to the UK housing market, current trends are shining a light on which properties are being snapped up the quickest. Understanding these trends is essential for buyers, sellers, and investors alike. Zoopla break down the recent data to see what’s hot on the market right now and what properties are lingering on…
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The Changing Face of Buy-to-Let
According to data from UK Finance, BTL lending has significantly decreased, down 56.7% for purchases and 51.6% for remortgages. What’s more, a surprising one in ten properties currently on sale were previously rented, as per Zoopla. This indicates not just a slowdown in new landlords entering the market, but also a mass exodus of existing…
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Houses in Liverpool and Manchester Selling Fastest
Liverpool and Manchester have become the prime hotspots in the property market, with homes selling at an incredibly rapid pace. To be precise, homes in Liverpool are on the market for a mere 17 days before being snatched up, reflecting a vibrant demand in the region. Furthermore, homes in Salford, Basingstoke and Deane, and Sheffield…
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High Interest Rates Dampen Remortgaging Activity
Recent data reveals that homeowners switching to a different mortgage lender, a process known as remortgaging, has dwindled to its lowest numbers since 1999. This slump can be directly linked to the increased costs of borrowing. But what has led to this rise in borrowing costs? Inflation’s Role in Setting Interest Rates Persistently high inflation,…
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More Cash Buyers as Downsizing Increases
According to the latest House Price Index by Zoopla, a notable shift in buying patterns has emerged. Remarkably, one in every three homes in 2023 was purchased outright with cash, a significant jump from one in five over the past five years. This change seems to indicate that homeowners are seizing the opportunity provided by…
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Expert Reactions to Zoopla House Price Index
The Zoopla House Price Index, one of the UK’s renowned barometers for housing market health, has recently highlighted some significant shifts. PropertyIndustryEye gathered the opinions of some leading experts. According to Zoopla, a combination of diminished demand and a decrease in buying power has led to a marked slowdown in the growth of house prices…
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Zoopla: House Prices Fall in 80% of Areas, More Predicted in 2024
Previously, house price falls were a phenomenon majorly experienced in the South. However, according to recent data from Zoopla, approximately 80% of local markets across the UK, including regions like the East and West Midlands and even Yorkshire and the Humber, are now witnessing a decline in home values. Zoopla highlighted that this housing market…