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2023 Ended On A High In Housing Market Say Zoopla

Mon 08 Jan 2024


Given the importance of buying a house for many people, it is easy to see why a lot of individualism, couples and families place so much value on information provided by the leading property portals. Good or bad news from companies like Rightmove and Zoopla influence how people approach the property market, and what these leading companies say shapes a lot of activity when it comes to buying and selling homes.

 

This is why news supplied by Zoopla and their House Price Index will be of considerable interest to many people. In comparison to the end of December 2022, demand for property in December 2023 was 19% higher. There was also an increase in the supply of homes, which meant the demand was being met in many places.

 

Knowing that there is considerable demand for homes is comforting for homeowners, but this has always been the case in recent years. Therefore, it is likely something else that is driving the increase in supply of homes at this point.

 

We know Huddersfield faces unique challenges when it comes to the housing market, like every area. This is why taking national figures is okay for a starting point, but when it comes to the real-life market situations that impact people, it is always best to deal with a local specialist.

 

Richard Donnell, Executive Director at Zoopla says: “The housing market has been more resilient than many expected over 2023 but it hasn’t been a surprise to us. Mortgage regulations introduced in 2015 have stopped an over-valuation of housing which is why the decline in house prices has been modest over the year. House price falls have been concentrated in the south and midlands while prices are still slightly higher over the year in Scotland and Northern Ireland. UK housing still looks expensive by historic standards which is why we expect UK house prices to fall a further 2% over 2024 as prices and incomes re-align.“

 

ADM Residential is here to provide you with specialist help in Huddersfield

2023 was a challenging year for many reasons, nationally and in Huddersfield, but there are signs of optimism in the property market. There will be challenges in the year ahead, with the likelihood of a General Election being another factor likely to dampen demand for homes, but people will always move home.

 

This is something we have seen in all our years serving the Huddersfield community, and it is something that will continue for many years to come. If you are looking for assistance from a Huddersfield estate agent that has a proven track record in helping clients on all sides of the housing market, ADM Residential is the local estate agent you can rely on.

Contact ADM Residential to sell your Huddersfield home in 2024

Anyone who is keen to sell their home in Huddersfield should contact ADM Residential today. We are more than happy to provide you with a property valuation, which is the ideal starting point for anyone looking to enter the Huddersfield housing market with confidence.

 

This is a busy time of year in the local and national housing market, but we look forward to assisting you. Call on your leading Huddersfield estate agents today for help and guidance in the local market.

"Just thought I would drop you a line and take the opportunity to thank you and the team at ADM Residential for all the hard work and support you have provided over the past 5 years looking after both residential property letting and property purchases for me. Acting as the managing agent, its reassuring to know that your knowledge and experience has ensured that ADM have not only my best interests at heart but also that of the tenants, creating a mutually beneficial and effective partnership for all involved. The dedication of the team at ADM is to be admired and they have been a huge help, dealing with any issues that arise, liaising with trade professionals, ensuring any problems are dealt with both effectively and quickly. I can highly recommend the services of ADM Residential to any prospective landlords and home buyers. Thanks again."
Dave

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