RICS confirms fastest drop in house prices for decades RICS Residential Market Survey, January 2023 Evidence that the property market is not only falling, but the fall is very steep. Buyer demand still falling, resulting in fewer sales being agreed House prices continue to decline Interesting new data suggests buyers… Read More »RICS confirms fastest drop in house prices for decades
Property market forecast 2023 Halifax expects house prices to fall next year due to higher interest rates and the rising cost of living. We explore what will happens to house prices in 2023 as the market continue to slow down. The UK housing market had a rocky 2022 and… Read More »Property market forecast 2023
OBR predicts 9% house price drop House prices are set to fall by 9% over the next two years, the Office for Budget Responsibility (OBR) claims.The OBR, which keeps an eye on the government’s own finances and forecasts, has released its own economic outlook in the aftermath of today’s Autumn Statement.… Read More »OBR predicts 9% house price drop
Finally official confirmation that house prices will fall House prices falling by a third, interest rates soaring to 6%, inflation surging to 17%, and the economy going into deep recession – these are among the key elements of the latest Stress Test announced by the Bank of England yesterday. The… Read More »Finally official confirmation that house prices will fall
Conveyancers warned to prepare for the worse Conveyancers are being advised to prepare their businesses for a “significant fall in work volumes.”Many firms have complained about a backlog in recent months but the Council for Licensed Conveyancers (CLC) has issued an advisor note urging the firms it regulates to stress… Read More »Conveyancers warned to prepare for the worse
Why they are lying to you Despite the financial tsunami that has hit homeowners and buyers over the last few weeks, just about everyone connected with the property industry is still persisting with their narrative that the market is broadly unaffected. When the market turns, the first indication is… Read More »Why they are lying to you
UK house prices overvalued by one third according to Oxford Economics consultancy The Oxford Economics consultancy will this week publish its analysis of the affordability of housing revealing that residential property prices are ‘overvalued by a third and likely to fall’. The analysis – based on the affordability of the… Read More »UK house prices overvalued by one third according to Oxford Economics consultancy
City analyst warns of 25% fall in house prices House prices look set to fall sharply in the coming months, with several leading analysts predicting a double-digit drop in average prices as a result of the sharp rise in mortgage rates. The latest economist to warn that property prices will… Read More »City analyst warns of 25% fall in house prices
London Property Market Update October 2022 This is a quick snapshot of the state of the market in London. The figures here, when compared to the previous month, give an indication as to where the market is going. There is no detailed analysis, or predictions, I simply wish to present… Read More »London Property Market Update October 2022
House prices starting to fall significantly are they about to crash Residential property prices are falling across the UK, led by inner London where they have dropped by 10.4% in the last two months, representing a loss of £82,000 in average listing prices, new research shows. Many regions outside London… Read More »House prices starting to fall significantly are they about to crash
