Leading economists expect ‘decade-low’ mortgage growth into 2024
'As mortgage rates reach their highest since 2008, economic growth remains subdued and weakening housing market sentiment drives down demand,' says the EY ITEM Club in its latest forecast.
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‘Rental growth has now peaked and we expect a major slowdown in 2024’, says Zoopla
'There are signs that the UK rental market will turn in 2024,' says Richard Donnell; 'rents are reaching the maximum affordable price and rental demand is starting to slow.'
Another major agency cuts 2025 property price growth forecasts
London prices to continue to underperform the national average this year, says CBRE, but the capital is tipped to see the highest growth of any UK region over five years.
Rightmove predicts 4% growth for asking prices in 2025
Bullish forecast comes despite a 'larger-than-normal seasonal slowdown in pricing as we head towards Christmas'.
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