What could happen to house prices and the property market in 2024
manchestereveningnews.co.ukWith the new year in plain sight, many homeowners may be wondering whether 2024 is the year that they should sell up and buy a new house, or if it's the right time for first-time buyers to get a foot on the property ladder.
Understanding what is going on with house prices can often be a key factor in making your decision. The UK's housing market has been better than initially expected in 2023, with house prices edging down and demand from buyers picking up.
But it's no secret that rising mortgage rates coupled with the increased cost of living has stretched the affordability of many people who were planning to move.
House prices are currently 1.1 percent lower than they were in 2022, with the average asking price of a home in Britain now just above £355,000, according to Rightmove.
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