UK House Prices to Fall 10% From Peak, OBR Says
Residential semi-detached in the Slade Green district of Greater London.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
UK house prices will fall 10% from their peak in the fourth quarter of 2022, the Office for Budget Responsibility predicted.
Property transactions will drop by 20% relative to their peak in the same quarter, the government’s fiscal watchdog said Wednesday in an economic outlook to accompany Chancellor of the Exchequer Jeremy Hunt’s annual budget.