Experts predict house price falls will continue

Experts say house price drops will continue this year and into 2024. Nick Mendes, of brokers John Charcol, said: "The market topped out in August last year, but I expect prices will now fall within the region of 10 to 15% from that point - and keep drifting lower for at least a year." David Hollingworth, of L&C Mortgages, agreed. "I think there could be falls of around 10%," he said. "Activity levels will remain subdued - I'd anticipate that those who were thinking of a move this year will be putting that on ice for now." Tom Bill, of Knight Frank, added: "We think house prices will be down 5% this year and 5% next year - roughly 10% over the two years." 

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