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International Business Times UK

Business

Jastine Beatrice Yap

UK Housing Market Sees December Dip as Average Asking Prices Drop by £7,000

Housing Market United Kingdom Rightmove

Mortgage arrears are forecasted to climb from 105,600 cases by the end of 2023 to 128,800 cases by the conclusion of 2024. (Credit: Raffle House)

The average asking price for homes experienced a notable decline of £7,000 in December, signalling a potential shift in the dynamics of the property landscape.

This dip comes amidst a backdrop of economic uncertainties, changing buyer preferences, and the ongoing impact of global events on the real estate sector.

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