House Prices Will Fall by 5 Percent This Year: Report

House Prices Will Fall by 5 Percent This Year: Report
A view of houses in Thamesmead, southeast London, on July 27, 2021. Yui Mok/PA Media
Evgenia Filimianova
Updated:

UK house prices will fall by 5 percent this year as buyers have been hit by higher mortgage rates and rising living costs, a real estate portal has reported.

Zoopla’s House Price Index showed a 1.2 percent annual rise in UK house prices in the last year, adding, however, that just a year ago, the growth was at 10 percent year-on-year.
Evgenia Filimianova
Evgenia Filimianova
Author
Evgenia Filimianova is a UK-based journalist covering a wide range of national stories, with a particular interest in UK politics, parliamentary proceedings and socioeconomic issues.
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