House prices are forecast to drop by up to 12 per cent in some areas with surging interest rates playing a key part.
In the next two years, house prices across the country are set to slump by around seven per cent, research by analysis firm Capital Economics shows.
It also means areas with the most expensive homes will fare the worst, and unaffordability will likely become a key concern for potential buyers at a time when millions are already struggling with the cost-of-living crisis.
