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The average UK house price fell by 0.1% in the 12 months to September 2023, ... Sports. Weather. 24/7 Help. ... in line with our house price forecast expectations. ...
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The average UK house price fell for the fourth month in a row in December, according to an index. Property values decreased by 1.5% in December, following a 2.4% drop in November, a 0.4% decrease ...
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]
The average house price in Cardiff is £181,226, which represents a drop of -0.5% since last year. [33] Cardiff has a strong rental market, particularly in the city centre and Cardiff Bay where house rentals are almost double the national average and the number of total transactions exceeds the total number of properties. [34]
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.
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