Property Sales Predictions For 2024 Housing Crash Not On The Horizon

Despite concerns over the past few years that the property market may experience a significant slump, evidence suggests that the UK housing market is far from a crash.

The prerequisites to the 2008 housing crash are not present, with unregulated markets and consumer debt not being prevalent at the time of writing.

However, it seems that we predict property price values will dip in 2024, with the Office For Budget Responsibility predicting that prices will fall by 10% between 2023 and 2025. So, although there is a clear consensus that house prices will take a hit, the magnitude of this should not be equated to an upcoming housing crash.