The MORTGAGE WAR is a clear indicator that the UK housing market is SLOWING DOWN, with borrowers reluctant to borrow at reduced rates that are still double what they would have been paying previously. Do NOT interpret falling mortgage interest rates as a sign of a HEALTHY housing market!
Last year UK house prices fell for the first time since the Global Financial Crisis, however, there are many people out there who still believe a UK house price CRASH is impossible.
Although no one can forecast exactly how much will house prices drop in 2024, a housing market CRASH is still a very real possibility despite falling mortgage costs.
What do you think will happen to UK house prices in 2024? Share your UK house price predictions in the comments below!
