The supply of homes for sale has hit a five year high with 20% more homes on the market compared to this time last year.
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Buying, selling or renting? Explore the latest property news, market updates and insightful analysis for the UK housing market with Zoopla's property experts.
House prices fall -0.2% over the last year while market activity improves with more sales and mortgage approvals. Here’s the latest on the UK housing market from the Zoopla House Price Index for April 2024.
Buyer confidence is improving and 12% more homes are going under offer compared to this time last year. Mortgage approvals for home purchases are also up 32%.
The new national average house price is £264,500 in April 2024. Check out a host of hot properties available for around that price right now.
Home buyers are currently facing an annual increase of £4,300 on their mortgage repayments, rising to £7,500 in London.
The average rent in London is now £2,121 per month after +4.2% growth in the last year. The cheapest average rent is in Bexley (£1,520) and the highest average rent is in Kensington and Chelsea (£3,459), although rental increases are slowing in the most expensive parts of the city.
The average rent in the UK is now £1,223 per month after 7.2% growth in the last year. The highest average rent in the UK is in London (£2,121) while the North East has the lowest monthly rent (£695).
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