'The housing market this year has been better than many predicted, with lower-than-expected falls in asking prices, and good levels of demand from home-buyers for the right-priced homes. However, rising mortgage and interest rates have stretched the affordability of many people planning to move.
Our forecast a year ago was that average new seller asking prices would drop by 2% in 2023, and prices are currently 1.3% lower year-on-year. The average asking price of a home in Great Britain is now just above £362,000.'
To read the rest of this article please visit the following link:
https://www.rightmove.co.uk/news/articles/property-news/house-price-forecast-2024/
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