Posted 12/29/2023, 7:23:00 AM
UK House Prices Dip in 2023 But Avoid Feared Crash
- UK house prices fell 1.8% in 2023, less than expected, with prices flat in December vs November
- Housing market activity was weak in 2023 with 10-20% fewer mortgage transactions
- Northern Ireland and Scotland saw price rises in 2023; East Anglia saw the largest fall
- Stock markets had a mixed 2023 - FTSE lagged but Dow hit new highs at year end
- Experts don't expect a rapid rebound in house prices or activity in 2024 due to still-high inflation