Rightmove predicts 2% drop for house prices next year
Asking prices are falling as 'sellers who are determined to find a buyer quickly adjust their expectations and adapt to a less frenzied housing market,' says Rightmove, as the portal predicts a 'relatively modest' decline in property values next year.
Winkworth predicts 5% drop for house prices this year
Estate agency expects an increase in the number of large family homes offered for sale as living costs climb.
Lloyds Bank expects UK house prices to drop 8% next year
Major mortgage lender is focusing on 'slightly better-off customers', as it sets out an array of property price forecast scenarios.
House prices to fall 9% in the next two years, predicts the OBR
The Office for Budget Responsibility expects a year's-worth of house price growth to be reset as the economy declines and mortgage rates peak at 5%.
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