Is The House Price CRASH Over Already? (UK Housing Market 2024)

UK House prices have been FALLING for 18 months but could this suddenly be about to change? The start of 2024 has seen a flurry of activity in the housing market as falling mortgage rates have helped to release some of the pent-up demand from last year. Things are starting to look more positive, however, is the bottom really in or is this a trap?

The UK housing market is in a very precarious position and things could fall apart very quickly. Will house prices drop in 2024? The honest truth is that no one can predict what will happen to house prices in 2024.

Most House Price Indexes show that nominal house prices held up better than expected last year, part of this may have been because many sellers didn't have to sell so they didn't have to reduce their prices.

This could be about to change in 2024 as the UK is now officially in recession. If previous recessions are anything to go by we can expect to see more job losses and an increase in forced property sales.

A supply increase of forced sales would drive prices down as sellers wouldn't be able to hold out for unrealistic prices.

What are your UK house price predictions? How much will house prices drop in 2024?

Post your UK house price forecasts in the comments below!

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Видео Is The House Price CRASH Over Already? (UK Housing Market 2024) канала Honest Money