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Birmingham Post
Birmingham Post
Business
Hannah Baker

House prices could fall in 2022 and 2023, Bristol mortgage expert warns

A Bristol property expert believes house prices in the UK could begin to fall this year amid the cost-of-living crisis.

Graham Cox, founder of Bristol-based broker SelfEmployedMortgageHub.com, said the price of homes could fall as much as 5% in 2022 - and "possibly even more" next year.

Inflation, which rose to 9% in the year to April, is hitting UK consumers hard, as food, petrol and energy prices continue to soar - and it could have an impact on the property market, said Mr Cox.

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