House prices across the UK are set to fall by between 2% and 4% in 2024, according to the country’s top mortgage lender Halifax, a steeper fall than we saw in 2023.
The average house price in the UK is at £283,615 after the property market proved surprisingly resilient in 2023, with average prices only down by 1%. Director of Halifax Mortgages Kim Kinnaird, however, noted that prices did fall more quickly in the middle of the year, before recovering in recent months.
