Business · Economy · 58 mins ago

Estate agents expect house prices to keep falling

Estate agents expect house prices to keep falling

Estate agents expect house prices to keep falling over the coming months.

They say higher interest rates are putting buyers off moving home.

The warning describes the bleakest outlook in three years.

It links the expected fall in prices to the effect of interest rates on people considering a move.

The outlook matters to buyers and sellers weighing whether to move now.

Prices are expected to continue falling in the near term, but no specific forecast is given.

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