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Hometrack UK House Price Index – December 2022

by | Jan 4, 2023 | Clients

The Hometrack UK House Price Index analyses housing market trends at a city level on a monthly basis – across 20 cities, plus regions, and nationally.

Executive summary

  • UK house prices increased by 7.2% over 2022
  • Quarterly growth slows rapidly and is set to move negative in Q1
  • Discounts to asking price widen to 4%
  • Buyer demand 50% lower than last year, new sales agreed 28% lower
  • Affordability and value for money are key to the outlook for 2023
  • House prices in affordable markets less exposed to higher mortgage rates than in high-value markets where prices have underperformed
  • Flight to rural and coastal areas moves into reverse
  • Flats and urban areas expected to fare better in 2023

You can download the latest full report online from the Hometrack website.