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House prices to pick up amid slow 2023 start, Zoopla says

The start to 2023 is more of a slow burn than in recent years with a portion of buyers waiting to see if house prices and mortgage rates fall more quickly in Q1

Despite demand in early 2023 being in line with pre-pandemic levels, a portion of buyers are holding off entering the market and waiting to see if house prices and mortgage rates start to fall more quickly, according to Zoopla’s latest House Price Index.
Demand for homes has rebounded in the first weeks of January in line with pre-pandemic levels. However, the start to 2023 is more of a slow burn than in recent years with a portion of buyers waiting to see if house prices and mortgage rates fall more quickly in Q1.

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