UK homeowners selling for 4.5% below asking price, survey shows

Zoopla said the fastest rate of sales in four years was helped by falling mortgage rates and changes to how lenders assess affordability. Photograph: Yui Mok/PA

UK homeowners are agreeing to sell for about £16,000 below the average asking price amid the busiest month for home sales since the pandemic boom, according to a leading property website.

House sales have climbed by 6% this month compared with May last year, Zoopla found, and 13% more homes came on to the market, giving buyers more choice and helping to boost activity.