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Watch: what's happening to house prices with Richard Donnell

Will homes hold their value, is now a good time to sell and is 2023 a good year to be a first-time buyer? Watch this month's House Price Index report with Zoopla's Director of Research, Richard Donnell.

Words by: Richard Donnell

Executive Director - Research

Housing headlines | May 2023 from Zoopla on Vimeo.

House price growth has slowed to 3% year on year, the lowest rate since July 2020.

If you’re thinking of selling, there’s 14% more demand from buyers right now than this time in 2019. However, demand is down 42% from last year's red-hot market.

If you're a first-time buyer, you now need to save an extra £5,000 to put down a deposit for the average 3-bed home or £3,500 for a 2-bed home.

Get the full coverage in our House Price Index report.

The Zoopla house price index uses more input data than any other and is designed to accurately track the change in pricing for UK housing.

Our date uses a repeat sales-based price index, using sold prices, mortgage valuations and data for agreed sales.

We try to make sure that the information here is accurate at the time of publishing. But the property market moves fast and some information may now be out of date. Zoopla Property Group accepts no responsibility or liability for any decisions you make based on the information provided.