Zoopla UK House Price Index – May 2020
Zoopla releases its latest House Price Index Report for the month of May, with these headines:
- UK house price inflation is +2.4%, up from 1.6% at start of year. UK city price inflation slows to +2.1%.
- UK house price growth to remain around +2% over the next quarter. There is no downward pressure on prices materialising until much later in 2020.
- New sales are back to pre COVID levels, as is the flow of new supply although the stock of homes for sale is 15% lower than a year ago. This will support prices in short-term, but demand is starting to fall off a high base and is expected to decline further over the summer months and into the autumn.
Click here for the full report.