UK house prices to fall in 2023, according to Zoopla22 Dec 2022 07:56
UK House prices are expected to fall 5% next year, according to Zoopla, with London prices slipping as much as 8%.
Quarterly price growth has slowed rapidly, said the online real estate company, which expects prices to fall in early 2023.
Buyer demand, it said, is roughly 50% lower than this time last year, while new sales agreed are 28% lower.
Helen Morrissey, senior pension and retirement analyst at Hargreaves Lansdown believes the UK faces the real prospect of quarterly price falls in 2023.