Zoopla seeing strongest February in decade for brand new property listings

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Your help makes all of the distinction. Learn extra This month is on observe to see the best variety of properties being freshly listed on the market in February for a decade, based on a property web site.

Zoopla has recorded 6% extra properties on the market within the 4 weeks to February 15 in contrast with the identical interval in 2025.

Mixed with falling mortgage charges, the market is presently trying significantly good for first-time patrons, the web site mentioned.

It mentioned the surge in properties on the market will improve selection for patrons and assist maintain worth will increase in test this 12 months.

Many lenders have additionally made modifications to their standards, permitting some individuals to borrow extra.

The variety of gross sales being agreed has elevated sharply, however stays under the “very sturdy begin” to 2025, the report mentioned.

Gross sales are presently working on the fourth strongest February degree up to now decade, despite the fact that there are fewer patrons available in the market than a 12 months in the past.

Zoopla estimated 40% of properties presently on the market on its web site are cheaper to purchase with a mortgage than the price of renting domestically, assuming somebody has a 20% deposit to place down, which is an enchancment in contrast with 25% final 12 months. Folks’s particular person circumstances will fluctuate.

Home costs elevated by 1.3% within the 12 months to January, Zoopla mentioned, starting from an 8.0% rise in Northern Eire to a 0.2% fall in London.

Inside Britain, the North West of England was recognized because the strongest-performing area, with costs up 3.3% yearly, adopted by Scotland (2.8%) and the North East (2.5%).

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In Wales, home costs elevated by 2.2% yearly.

The areas with larger worth development are extra reasonably priced and have fewer properties on the market than a 12 months in the past, limiting purchaser selection and supporting worth development, Zoopla mentioned.

southern England, the place affordability is extra stretched, the report mentioned: “Sellers in southern England who're planning to maneuver this 12 months might want to worth realistically to safe a well timed sale and will issue this into the provide they make on their subsequent buy.”

Zoopla’s home worth index makes use of bought costs, mortgage valuations and knowledge for agreed gross sales to make calculations.

Richard Donnell, government director at Zoopla, mentioned: “Regardless of improved ranges of market exercise, subdued home worth inflation is sweet information for patrons and sellers and represents a extra steady market. Extra sellers placing their dwelling available on the market reveals a robust need to maneuver dwelling.

“Decrease mortgage charges and improved affordability of mortgages means now might very nicely be the most effective time to purchase a house in recent times, particularly for first-time patrons with extra properties that can be purchased for lower than the price of renting.

“We count on continued modest charges of worth inflation over 2026, which can help wholesome ranges of gross sales with some vast variations throughout native markets. Sellers want to hunt the recommendation of native brokers to get the best technique for his or her dwelling.”

David Fell, lead analyst at property agency Hamptons mentioned: “With the benefit of not having a house to promote, first-time patrons have usually been favoured by sellers above others making gives at the same degree.

“This has allowed first-time patrons to barter tougher than they've beforehand. In February, a fifth had been in a position to safe a reduction of 10% or extra from the asking worth.”

Nigel Bishop, founder of shopping for company Recoco Property Search, mentioned: “While costs have seen a delicate improve, the uplift in properties on the market will permit extra patrons to carry the higher hand throughout worth negotiations.”

Tom Invoice, head of UK residential analysis at Knight Frank, mentioned: “Home costs are being saved in test by rising provide as plans delayed by final 12 months’s price range are activated and extra landlords try and promote on account of purple tape.

“Patrons are extra circumspect than sellers however additional mortgage charge declines and more and more lifelike asking costs will help transactions this spring.”

Alastair Douglas, TotallyMoney chief government mentioned: “Falling mortage charges and extra properties available on the market is sweet information for many who can get on the housing ladder. However for tens of millions of younger individuals, the issue isn’t the speed – it’s getting a mortgage within the first place.”

Nathan Emerson, chief government of property professionals physique Propertymark, mentioned: “With inflation dipping down earlier this month, it's hoped the Financial institution of England might have the arrogance to deliver the bottom charge down additional after they subsequent meet.”

Jen Lloyd, head of mortgage merchandise and propositions at Skipton Constructing Society, mentioned: “Extra properties coming onto the market provides individuals taking their first step on the ladder higher selection, and helps create a more healthy, extra accessible housing marketplace for individuals taking their first step onto the ladder.

“At Skipton, we’re already seeing this renewed confidence mirrored in our personal knowledge. Functions from first‑time patrons in January 2026 had been up 42% in contrast with the identical interval final 12 months, displaying that extra persons are feeling prepared, and ready, to make their transfer.

“With elevated provide and enhancing market circumstances, 2026 is shaping as much as be a much more encouraging 12 months for these making an attempt to purchase their first dwelling.”

Listed below are annual worth modifications, based on Zoopla:

Northern Eire, 8.0%

North West, 3.3%

Scotland, 2.8%

North East, 2.5%

Wales, 2.2%

Yorkshire and the Humber, 2.1%

West Midlands, 2.0%

East Midlands, 1.0%

Japanese England, 0.6%

South West, 0.0%

South East, minus 0.1%

London, minus 0.2%.

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