A grim forecast for the UK predicts that house prices will drop by 9% due to the biggest drop in living standards since records began.
They said average interest rates on the stock of outstanding mortgages will peak at 5% in the second half of 2024, the highest since 2008.supports HTML5 videoCompared to 2007, more people are now on fixed rate mortgages so any change in interest rates on people’s average payments takes a while to feed through.
House prices are forecast to fall by 9% over the next 2 years and remain below their current level over the next five years.
Danmark Seneste Nyt, Danmark Overskrifter
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