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The Independent UK
The Independent UK
Business
Vicky Shaw

House prices expected to fall by 9% over next two years, says OBR

OBR Jeremy Hunt Paul Johnson
PA Archive

House prices are expected to fall by nearly 10% over the next couple of years, largely driven by higher mortgage rates and the wider economic downturn.

The Office for Budget Responsibility (OBR) said house prices are forecast to drop by 9% between the fourth quarter of 2022 and the third quarter of 2024.

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