House prices fell in 80% of UK markets this year, says Zoopla

Rising borrowing costs and a squeeze on household incomes have cooled the market. Photograph: Victoria Jones/PA

House prices have fallen in every local property market in the south and east of England this year, as higher mortgage rates have weakened demand for new homes, figures have shown.

About 80% of markets in the UK registered house price falls over 2023 compared with last year, the property portal Zoopla found.