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House Prices in the UK Could Fall by 20%

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Such a difference between the sale prices and prices justified by economic factors seems logical.

According to the Bloomberg Economics study, house prices in the UK could fall by 20% as the Bank of England increases the cost of borrowing. Such a difference between the sale prices and prices justified by economic factors seems logical, experts say.

Quote. "Gaps in valuations can persist for years, but history is marked by episodes of acute stress when prices fall. The latest data suggests that some form of correction is possible," economists say.

Context. Sellers have already started to reduce the asking prices in the UK market, trying to sell their homes. Property search website Rightmove reported that prices fell 1.1% this month after rising 0.9% in October.

Forecast. Bloomberg Economists predicts that house prices in the UK will fall by almost 10% this year, while warning that there are significant risks in both directions.

According to the economists' model, the price, which can be justified by UK revenues and borrowing costs, has already decreased by 12.5% this year.

Propreties for sale in the UK:
Apartment for 1 750 000 euro in London, United Kingdom
1 750 000 €
Apartment in London, United Kingdom
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A unique project is the redevelopment of the historic building, which was designed by Sir Edwin Cooper in 1924, for which he received a knighthood. In addition, it is included in the list of state-protected architectural monuments.The project offers a luxurious collection of 86 exclusive apartments and penthouses of various layouts with 1-6...
Knight Frank
Apartment for 1 689 768 euro in London, United Kingdom
1 689 768 €
Apartment in London, United Kingdom
81 sq.m 3
ID: 14050 Apartments with a view of the Palace of Westminster. New residential complex with 55 apartments The highest specification of materials and technologies The complex has a 24-hour concierge, a spacious lobby, a gym, its own cinema and a terrace with a roof view Near Lambeth Palace with over 800 years of history Excellent...
Russia Sotheby’s International Realty
Apartment in London, United Kingdom (price on request)
Price on request
Apartment in London, United Kingdom
39 sq.m
ID 32241 Studio on the ground floor of a new building in the center of Westminster. Layout: open living room/bedroom and kitchen, shower and dressing room. The apartment is currently rented out and generates an income of 3.4%. A 5-year warranty for interior decoration and a 10-year warranty from NHBC. The residence provides concierge services,...
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Flat for 938 883 euro in London, United Kingdom
938 883 €
Flat in London, United Kingdom
52 sq.m
ID36311 The unique White City residential complex with a vast territory is located in the heart of busy London - in the Hammersmith and Fulham area and is part of Shepherds Bush. White City is home to the former BBC Television Centre and Loftus Road Stadium, home to Queens Park Rangers football club. The territory of the complex consists of...
Russia Sotheby’s International Realty
Flat for 444 386 euro in London, United Kingdom
444 386 €
Flat in London, United Kingdom
44 sq.m
ID: 36314 Apartments and penthouses with balconies/terraces in the Beaufort Park residential complex in Colindale. It offers residents: landscaped gardens, spa with swimming pool, Jacuzzi and sauna, fitness center, gym, concierge. There is an opportunity to purchase a parking space. A 5-minute walk from the complex there is a metro station,...
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Penthouse for 7 722 179 euro in London, United Kingdom
7 722 179 €
Penthouse in London, United Kingdom
250 sq.m
ID: 36431 9 Millbank is a new prestigious address in the UK capital. Luxury three-level apartments on the banks of the Thames in Westminster with a roof terrace and the best views. The complex has all the amenities: 24-hour concierge service, swimming pool, spa, gym and cinema. An office district with many government offices, ministerial...
Russia Sotheby’s International Realty
Flat for 999 938 euro in London, United Kingdom
999 938 €
Flat in London, United Kingdom
60 sq.m
ID: 36448 Apartment with panoramic views of London in a 69-storey residence on the banks of the Thames in the business district of London Canary Wharf. The residence offers residents: 24/7 security and concierge service, spa, gym, swimming pool, lounge with terrace, landscaped gardens, parking. Restaurants, boutiques, schools, parks, public...
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Cottage for 704 826 euro in London, United Kingdom
704 826 €
Cottage in London, United Kingdom
1 1
Providing over 200 contemporary homes, the development will also include an eight screen cinema and central piazza surrounded by a high-quality mix of shops, restaurants and bars, including Planet Organic. - Superb location in the heart of Ealing - Art deco inspired specification - Concierge service - 8 screen Picturehouse cinema - 11 minutes to...
ENTRALON
Cottage for 424 856 euro in London, United Kingdom
424 856 €
Cottage in London, United Kingdom
1 1
South Harrow is transforming and this development is at the heart of it all. Welcome to stylish, contemporary living with incredible connectivity. On the vibrant Northolt Road in Harrow is this development, an elegant collection of one and two bedroom apartments and duplexes. Combining bespoke luxury design with the tranquillity of a private...
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Cottage for 48 279 euro in London, United Kingdom
48 279 €
Cottage in London, United Kingdom
1
Rising to 41 storeys and punctuating the capital’s skyline, this development represents inspired urban living, moments from the River Thames and standing proud as one of London’s most unique addresses. Unrivalled Views of the Capital Enjoy stunning floor to ceiling views of central London and beyond from your own private vantage point, taking in...
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Cottage for 265 535 euro in London, United Kingdom
265 535 €
Cottage in London, United Kingdom
1 1
This development combines the vibrant, cosmopolitan character of London living with the reassuring pace of suburban life. As part of the on-going regeneration of Northolt, it is a leading housing development. Providing beautifully finished one, two and three bedroom homes that are abundant with space and surrounded by open greenery.  Ideally...
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Cottage for 511 758 euro in London, United Kingdom
511 758 €
Cottage in London, United Kingdom
1 1
ENTRALON
Cottage for 429 684 euro in London, United Kingdom
429 684 €
Cottage in London, United Kingdom
1 2
An exciting selection of 2 & 3 bedroom apartments with on-site concierge, available for Shared Ownership.A short hop to the City but full of its own East End character, Limehouse is one of London’s most historic neighbourhoods. Overlooking the Limehouse Cut canal, Explorers Wharf sits at the heart of it all!Around your new home you’ll find an...
ENTRALON
Cottage for 48 279 euro in London, United Kingdom
48 279 €
Cottage in London, United Kingdom
1 1
A beautiful collection of newly built apartments in North West LondonLaunching soon with shared ownership, our stunning new Brunswick House development in Neasden, North West London. These exclusive apartments are located less than a five minute walk from Neasden station, and only a three minute tube ride to Wembley Park. Near to Wembleys...
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Cottage for 734 808 euro in London, United Kingdom
734 808 €
Cottage in London, United Kingdom
1 1
Designed in collaboration with Glenn Howells architects, Wardian comprises two residential towers of 55 and 50-storeys which contain 766 homes including suites, one and two-bedroom apartments and penthouses. Instantly recognisable by their generous wrap-around balconies and slender profiles, the towers land onto a two-storey podium, housing a...
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Cottage for 477 963 euro in London, United Kingdom
477 963 €
Cottage in London, United Kingdom
1 2
Located in the vibrant and bustling town of Surbiton in the heart of Surrey, Alpha is our new, contemporary collection of 28 one and two bedroom apartments, offering aspirational living to young professionals, families and downsizers.Transport Just 14 miles from central London and with a journey time of only 20 minutes to London Waterloo,...
ENTRALON
Cottage for 801 433 euro in London, United Kingdom
801 433 €
Cottage in London, United Kingdom
1 1
Phase 1 of Lillie Square launched in March 2014 and all apartments are now sold with only a few penthouses remaining. The five buildings; Bolander Grove North, Bolander Grove South, Columbia Gardens North, Columbia Gardens South and One Lillie south become the fastest selling London development at the time. Sold.Phase two of Lillie Square,...
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Cottage for 48 279 euro in London, United Kingdom
48 279 €
Cottage in London, United Kingdom
1 1
We are delighted that our proposal for a 32 storey residential-led mixed-use development on the Old Kent Road was approved by Southwark’s Planning Committee. This development raises the bar in carbon reduction for tall buildings through an innovative energy strategy which provides 69% less carbon emissions and a 32% reduction in residents’...
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Cottage for 525 759 euro in London, United Kingdom
525 759 €
Cottage in London, United Kingdom
1 1
Centrally located just south of the river, Bermondsey puts you in the perfect position for the best of city living. Conveniently placed to enjoy some iconic London landmarks, Dockley Apartments is just a stone’s throw from Tower Bridge, Borough Market and the Shard, and not far from the delights of South Bank and Covent Garden.With great...
ENTRALON
Cottage for 5 310 698 euro in London, United Kingdom
5 310 698 €
Cottage in London, United Kingdom
1 2
About The MansionA boutique development of unique apartments, The Mansion occupies the perfect London location. Just a few steps from Mayfair, it offers access to everything the celebrated district has to offer. At the same time, its setting within Marylebone provides the rare opportunity to appreciate the quieter, more relaxed surroundings of...
ENTRALON

Source: Bloomberg
Photo by Sander Crombach on Unsplash

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News and articles on the topic «United Kingdom»:

House Prices in the UK Could Fall by 20%
  • 7
Such a difference between the sale prices and prices justified by economic factors seems logical.
British Real Estate Agents Predict a Decline in House Prices
  • 2
The Royal Institute of Certified Appraisers said its index of price expectations for next year...