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23/12/2022
Halifax Predicts 8% Fall In House Prices In 2023
Halifax, Britain’s biggest mortgage lender, predicts an 8% decline In house prices next year.
Rising interest rates, mortgage payments, unemployment, and household costs particularly energy bills will increase pressure on citizens' budgets forcing house prices to go down from lower demand.
The limited supply of properties for sale will continue to support prices despite the predicted decrease in demand next year.
📞 Looking to invest in London Property? Book a 5-minute, no-obligation call with Roland or Ade at 07836 293493 to explore the possibilities with Partners in Property
Check out the top 3 locations with the highest housing prices in the UK as of October 2022
🥇 London £541,720
🥈 South East £404,900
🥉 East of England £362,865
📞 Looking to invest in London Property? Book a 5-minute, no-obligation call with Roland or Ade at 07836 293493 to explore the possibilities with Partners in Property
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