House price inflation flatlines in May

Based on the latest house price index figures from Zoopla, house prices are also currently eight percent “over-valued” but will be “fairly valued” by the end of the year due to rising incomes.  

The figures also suggest homebuyers are “shrugging off” the election with new sales agreed eight percent higher, with demand up six percent and a fifth more homes for sale than a year ago.  

Despite this, there are signs market activity is beginning to seasonally slow – with sales down slightly month-on-month across all regions.

This has been led by the north east and the west midlands, dropping by six percent and five percent respectively, as the overall stock of homes for sales grew across all regions – albeit at a slower rate than in recent months.