Housing Market 2024 Predictions Uk

Housing Market 2024 Predictions Uk. Uk house prices will probably fall further in 2024, according to forecasts by two of the country’s largest mortgage lenders, as stubbornly high borrowing costs. The nationwide uk index topped out at 2.3% in january before falling as mortgage rates began to climb.

House prices could get a boost from interest rate cuts, with mortgage rates falling rapidly. Right now, house prices haven’t fallen as much as expected, while mortgage rates remain at 5% or higher, so housing still looks expensive by recent standards.