House prices are expected to fall towards the end of the year, according to revised estimates from the Office for Budget Responsibility. It said that average prices will drop by 0.3% in the fourth quarter of 2019. Growth is expected to return in the second quarter of 2020, to 0.9%, but will remain well below the previously forecast figure of 3.1%. The OBR said: “Indicators of housing market activity and price expectations have deteriorated significantly since our October forecast and are consistent with a further fall in house price inflation”.
Daily Mail (13/03/2019)