House prices cool as demand slows, says Zoopla [Forbes]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
NASDAQ:AMEX Investor Relations:
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Source: Forbes
Zoopla says buyer demand is up 1% year on year, tempered in the first few months of 2025 by the changes to stamp duty. The stock of homes for sale is 12% higher than a year ago as more sellers enter the market, possibly buoyed by falling mortgage rates, while the number of sales agreed is 6% higher than at the same point in 2024. Zoopla's property experts believe the loosening of mortgage lenders' stress tests for affordability, prompted by calls from the regulator the FCA to relax stress tests, could boost buying power by up to 20%, which would further support sales. Richard Donnell at Zoopla said: “Buyer demand has cooled in recent weeks as the supply of homes for sale continues to expand, slowing house price inflation. We expect continued growth in sales agreed, and slow but steady house price inflation.” Free Mortgage Advice Better.co.uk is a 5-star Trustpilot rated online mortgage adviser that can help you find the right mortgage - and do all the hard work with the len
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