Buyer demand ticks higher as consumer confidence improves

Zoopla’s House Price Index for September 2023 shows a rise in buyer demand after the summer lull, with enquiries to estate agents up 12% since the August Bank Holiday weekend.

The uptick in enquiries is partly seasonal, as people return to their home-moving goals when the summer holidays end. But it also reflects that consumer confidence is at a two-year high, boosted by the prospect of lower mortgage rates on the horizon. The index has also recorded more agreed sales this month, matching the levels of 2019.

This is supported by a boost in the number of homes for sale to pre-pandemic levels, giving much greater choice for people buying a home.

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