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House prices will rise 5% in 2024, economists predict

House prices are set to rebound this year, thanks to falling mortgage rates and the prospect of the Bank of England cutting the cost of borrowing.

According to estimates from Pantheon Macroeconomics, house prices will rise by 5% in 2024.

Andrew Wishart, senior property economist at Capital Economics, said another year of declining house prices could be “avoided altogether” as the economy improves.

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