UK house prices to fall until 2025

[andhra_jp]

Halifax-owner Lloyds Banking Group predicts prices will drop 4.7% this year and by a further 2.4% in 2024 .

Interest rates are currently at 5.25%, their highest level for 15 years, driven by a series of rate rises aimed at tackling soaring consumer prices.

As a result, lenders have raised their borrowing rates, including for mortgages. The latest figures show the average rate on two-year fixed is 6.24% on average, according to financial information service Moneyfacts.

 

 

[argadorn]

6 percent ki drop ah great