The UK housing market could drop by 20% or more next year, a property expert has warned.
House prices fell by 0.9% month-on-month in October - the first fall since July 2021 and the largest since June 2020, according to new data from Nationwide released on Tuesday (November 1).
Last month also saw a sharp slowdown in annual house price growth - to 7.2% from 9.5% in September - the index revealed.
