Halifax predicts 8% fall in U.K. house prices in 2023

Halifax predicts that U.K. house prices will fall around 8% in 2023, after a year of two halves in 2022 where the cost of living crisis and higher interest rates hit growth in the second half.

Halifax, which is part of Lloyds Banking Group PLC, said that based on Lloyds’ economic projections the average house price will fall back next year to April 2021 levels, reversing gains made during the coronavirus pandemic.


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