Overview

• In the five weeks to September 21, buyer enquiries for homes over £500,000 fell 4% year on year, with new listings down 7%, Zoopla reports.
• For properties priced above £1 million, enquiries dropped 11% and new listings fell 9% compared with a year earlier.
• Zoopla contrasts the upper-tier softness with a broadly steady wider market that remains on track for the most sales since 2022 and only modest price gains.
• Annual UK house price inflation ran at about 1.4% in August, rising nearer 2.8% in more affordable areas and staying under 0.5% across southern England.
• One third of homes listed are priced above £500,000 and 8% exceed £1 million, as agents describe a tilt toward buyer negotiating power at the top end.