What next for UK property prices in 2023?

What do the experts think...

Article by Gill Broad at 24Housing

After two boom years of record house price growth, now rising interest rates and the cost of living crisis are cooling activity and forcing UK house prices down.

2022 was certainly a turbulent year; a frantic cocktail of house prices going up, higher mortgage rates coming in and property prices falling following the chaotic government mini-budget.

However, while the market appears to be slowing, the shortage of properties is keeping prices high in many areas, so what’s going to happen?

24H has gathered property professionals’ opinions to give you a picture of the year ahead if you may want – or need – to move house.

Let’s check out their predictions

Original article here: https://24housing.co.uk/house-prices-uk-2023/