Poging GOUD - Vrij
House prices falling at fastest rate in 12 years
Daily Express
|July 08, 2023
PROPERTY prices plummeted at their fastest rate in 12 years last month with values set to fall even further, experts have warned.
Britain's biggest mortgage lender said £8,000 had been wiped off the average three-bed semi as prices fell 2.6 per cent.
The average cost of a home is now £285,932, the largest yearly fall since June 2011, says Halifax.
Industry chiefs warn a housing crash could force owners to sell up if soaring interest rates mean they cannot afford to remortgage when cheap fixed-rate deals end.
Karen Noye, mortgage expert at Quilter, said: "The economic storm currently battering Britain seems like an insurmountable hurdle and downward pressure on house prices is inevitable. With two-year fixed rate mortgages now well above 6 per cent, people's ability to continue to service their mortgage will be called into question.
Dit verhaal komt uit de July 08, 2023-editie van Daily Express.
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