House prices are set to fall by more than 4%, according to to survey of economists and experts.
Two-thirds of economists surveyed by The Times expected house prices to fall by more than 4%, with most warning of near-double-digit declines. This would make 2023 the worst year for the housing market since 2009.
Sanjay Raja, chief economist at Deutsche Bank, said: “A double-digit price fall would not be surprising,” especially if mortgage rates remain above 5%.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
