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More homeowners have seen their property increase in value last year, compared with 2023, according to latest calculations. Around half of UK homes increased in value by 1% or more in 2024, Zoopla ...
As a result, Viswanathan now forecasts home prices will fall 2.2% for 2023, versus the previous decline estimate of 6.1%, before increasing 2.9% in 2024, up from an estimated 1.0% gain previously.
Even boosting (UK) housing supply to 310,000 homes per annum in their model only brings a five per cent fall in the baseline forecast of house prices". [30] Therefore, the National Housing Federation (NHF) and Crisis from Heriot-Watt University argue that alongside the needed 340,000 new homes each year (until 2031), 145,000 of those “must be ...
There was a fall in the numbers of house completions after the 2008 recession, but by 2015 it was back up to 169,000. [54] According to the Centre for Ageing Better 21% of homes in the UK were built before 1919, 38% before 1946, and only 7% after 2000, making the British housing stock older than any European Union countries. [55]
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The BBC News channel is a British free-to-air [1] public broadcast television news channel owned and operated by the BBC.The channel is based at and broadcasts from Broadcasting House in the West End of London from which it is anchored during British daytime, with overnight broadcasts anchored from Washington, D.C. and Singapore. [2]
The average UK house price fell by 0.1% in the 12 months to September 2023, according to the Office for National Statistics (ONS), marking the first time since 2012 that there has been an annual drop.