Major mortgage lender forecasts 1% growth for UK house prices this year
"We expect house prices to maintain their current strong levels over the next year, but growth to be much flatter in 2022, at around 1%," says Andrew Asaam, Mortgage Director at Lloyds Banking Group.
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Lloyds expects house prices to fall this year
Lloyds Banking Group predicts that average property prices will fall by 3.8% by the end of 2021, with a downside risk warning of negative growth until at least 2024.
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