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. 'Downsizers will take that step forward and there will be more opportunity to buy that once in a generation house, which may have been with one family for over 30 years,' says Chief Exec Dominic Agace.
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.
Only one in five people expect UK house prices to fall next year
A recent survey has also found that British buyers are more likely to put forward a lower offer than asking price compared to their European counterparts.
UK house prices likely to fall in 2023 & 2024, predicts Capital Economics
Influential forecasting house expects average property values to drop by 5% overall through 2023 and 2024.
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