UK Housing Market Sees Highest Sales Pipeline Value in Four Years

Zoopla reports £113 billion in homes are in the sales process, driven by first-time buyers and falling mortgage rates.

An estimated 306,000 homes, valued at £113 billion, are currently in the UK sales pipeline, marking the highest level since autumn 2020.
Sales momentum remains strong, with many transactions expected to complete in the first half of 2025, supported by a high supply of homes.
First-time buyers are leading the market, accounting for 36% of sales, as the cost of buying becomes more favorable compared to renting.
House prices are projected to rise modestly by 2% in 2024, with regional variations showing stronger growth in more affordable areas.
Concerns over potential changes to stamp duty relief could impact first-time buyers, adding financial pressure if current thresholds are not maintained.