UK house prices expected to rise over second half of year, says Zoopla
by Sarah Marsh Consumer affairs correspondent from Economics | The Guardian on (#6PK3J)
Larger number of homes for sale will help push up prices by 2%, says property portal
House prices are expected to rise over the second half of the year across the UK, according to a forecast, with the market bolstered by more people selling their homes. Prices are likely to increase by 2% towards the end of 2024, Zoopla has predicted.
The improved outlook for the housing market was the result of an increased number of homes for sale, the property portal said. The number of sales agreed in the four weeks to 21 July was 16% higher than the same period a year ago and the average estate agent had more homes for sale than at any point in the past six years.
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