UK house prices will not stop falling until 2025, Lloyds predicts
by Kalyeena Makortoff Banking correspondent from World news | The Guardian on (#6FVC4)
Britain's biggest mortgage lender forecasts 5% drop over this year and another 2.4% decline in 2024
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 UK house prices will have fallen 5% over the course of the year and are likely to fall another 2.4% in 2024.
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