Greycoat Real Estate Looks Into Their Crystal Ball To Predict The 2024 London Housing Market

Experts predict housing prices throughout the UK to fall in 2024, according to Greycoat Real Estate. High interest rates will continue to plague mortgage affordability. 

However, as Greycoat Real Estate peers into its crystal ball, they note London’s property market will not follow suit. Nationwide and Halifax, the UK’s biggest lenders, have said property prices will decrease up to 4 percent. 

There are; however, expecting the market to recover a bit thanks to the lower mortgage and interest rates. Greycoat Real Estate believes London will lead the way to a slow recovery.

Looking further ahead, Greycoat Real Estate agency states housing prices will stay consistent for the next two years. The slow economy is to blame. If interest rates fall or the government introduces tax incentives, changes would happen faster. 

They predict the economy in 2025 to be stronger, according to Greycoat Real Estate Agency. This only helps to give motivation to the idea of an uplift in home prices. This whole prediction is there will be a 3.5 percent to 4.5 percent rise across the UK, including London. Though Greycoat Real Estate cautions that the growth will be slow and steady. There will not be any big spikes.

Experts predict housing prices throughout the UK to fall in 2024, according to Greycoat Real Estate. High interest rates will continue to plague mortgage affordability.    However, as Greycoat Real Estate peers into its crystal ball, they note London’s property market will not follow suit. Nationwide and Halifax, the UK’s biggest lenders, have said property…