The Times: Why house prices didn’t crash in 2023 and are unlikely to do so now

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Economics expert David Smith explains how the housing market has so far managed to swerve a major downturn in this piece for The Times.

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Average property values will be 7% lower at the end of 2024 than at the start of 2023, says major mortgage lender.
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Agencies, analysts and commentators share their thoughts on the latest ONS stats, released this week, which showed the fastest price growth the capital has seen since 2016.
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Psychological milestones will be important for the property market as mortgage rates continue to fall, writes Knight Frank's head of UK resi research.