This is largely due to the rising cost of living and increasing mortgage rates.
Gráinne Gilmore, head of research at Zoopla, said buyer demand remains high as people continue to reassess their living conditions, especially among the looking for family homes.
She explained: “Buyer demand remains elevated as the trends that emerged during the pandemic – a reassessment among households about where and how they are living – continue to drive the market.
“Demand is strongest for family houses, indicating a continued appetite for additional internal and external space.
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