The latest Zoopla House Price Index reveals a notable resurgence in UK housing market activity, supported by the lowest mortgage rates seen in over a year. With fixed mortgage rates now at their lowest in 15 months, buyer demand has surged, leading to a 25% increase in sales agreements compared to this time last year.
Today’s fixed mortgage rates have already priced in that financial markets expect UK interest rates to decrease over the next 2-5 years, which is further supporting buyer interest and market stability. This is good news for prospective homeowners, as many lenders are offering more competitive rates in anticipation of future interest rate cuts, allowing for a steady increase in market activity. You therefore don’t need to wait until the next Bank of England base rate review.
Looking forward, Zoopla predicts continued moderate price growth across the UK, driven by both increased buyer interest and a stabilising lending environment. This outlook suggests that the housing market will remain resilient, with a steady but measured pace of growth expected through the remainder of the year
For the full report, click here.
Move in time for Christmas and benefit from luxury flooring, £2000 towards moving costs and a £1000 Amazon voucher to get your Christmas shopping off to a good start.
Available across selected developments and selected homes below….
– Bolton Gardens, Silsden – Plot 15 The Ashton, Plot 31 The Ermysted, Plot 32 The Sharp
– The Alders, Skipton – Plot 82 The Gallagher SL, Plot 84 The Hawthorn SL
– Croft Mill, Foulridge – Plot 3 The Ashton, Plot 9 The Read, Plot 14 The Mustoe, Plot 8, 10, 11, 16 The Lamb
– The Willows, Silsden – Plot 4 The Emily, Plot 19, 20, 21 The Hinton, Plot 38 The Loxley
At Skipton Properties, we believe in building homes that are filled with warmth, care, and attention to detail—homes that create the perfect setting for a lifetime of happy memories. Don’t miss this opportunity to start the new year in a home you’ll love.
Reserve your new home today and give your family the ultimate gift this Christmas.
