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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

UK house prices will not stop falling until 2025, Lloyds predicts

Lloyds United Kingdom William Chalmers Britain
Coloured houses in Bristol
Lloyds’ economists are predicting a 2.3% increase in house prices in 2025. Photograph: Mark Waugh/Alamy

UK house prices will continue to slide this year and in 2024 and will not start to recover until 2025, Lloyds Banking Group has forecast.

The lender, which owns Halifax and is Britain’s largest mortgage provider, said that by the end of 2023 house prices would have fallen 5% over the course of the year and were likely to decrease by another 2.4% in 2024.

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