According to Zoopla’s most recent house price index, prices have shown 'modest' quarter-on-quarter falls of up to 0.7% across all regions and countries in the UK.
It continued that it expected low annual growth, and for house price contraction to come to -1% by the end of 2023.
The report noted that there was some regional variation in annual house price trajectories, with + 4.8% recorded in Wales, and - 0.5% in London.
The firm noted that around a quarter of homes available to buy in 2023 registered an asking price reduction, which is lower than earlier this year, and evidence of a possible soft landing for house prices.
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