UK house prices are expected to fall at a slower pace over the next four years

On the 28th local time, Lloyds Banking Group released its semi-annual house price update report and changed its growth assumptions.

The financial services company expects average home prices to fall this year.

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Continuous inflation and constant Rising interest rates continue to pose risks to the real estate market.

A fall of 5.6% is likely this year, and Lloyds expects a 7.7% fall is possible in December.

Declines are likely to even out over the next four years, with an average decline forecast of 1.1%.

The bank claimed that "potential risks to affordability" remained due to continued high levels of inflation and rising interest rates.#{ 32}

This risk has not yet been fully accounted for in its credit loss models.

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Lloyds Bank said:

#{52 } "This risk is mainly aimed at those customers who have withdrawn from low fixed-rate contracts and the impact on holders of variable-rate products. and reductions in real household income and rental protection values. 62}

British real estate buyers will inevitably have to deal with banks during the process of purchasing British real estate.

If you have any questions during the process of connecting with the bank , you are welcome to consult Lansha's professional consultants.