Housing Market In Crisis 2024 Uk

Housing Market In Crisis 2024 Uk. Researchers have used the averages of recent studies to estimate the possible scale of the current shortage, which will. Thankfully, tens of thousands of people have not been forced to sell their homes, but we are also seeing a strong and sustained decline in the real value of the assets that make up 36 per cent of household wealth.

In its latest meeting, the bank of england again voted to cut the base rate from 5.25% to 5%. Britain’s housing market last month saw the strongest levels of interest among buyers in more than two years and a gauge of house prices also touched its highest since.