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:
27 229 000 €
Mansion in London, United Kingdom
1448 sq.m
United Kingdom
, London, Fulham
Superb mansion in the Fulham area
A luxury mansion in the elite Fulham district in the western part of central London.
The area of the mansion is 1448m2:
5 living
rooms 6 bedrooms
5 bathrooms
2 dressing rooms
garden
swimming pool
underground parking
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INDOM
89 855 000 €
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1533 sq.m
United Kingdom
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INDOM
1 770 016 €
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102 sq.m4
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, London, Pimlico, City of Westminster
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INDOM
1 885 200 €
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INDOM
1 767 645 €
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65 sq.m3
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161 sq.m
Great Britain
, London, SW1
Apartments in the Belgravia area
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INDOM
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73 sq.m22
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NF Group
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53 sq.m1
Online ViewingRemote Transaction
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Intermark Global
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70 sq.m2
Online ViewingRemote Transaction
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Intermark Global
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51 sq.m1
Online ViewingRemote Transaction
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50 sq.m1
Online ViewingRemote Transaction
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Intermark Global
576 690 €
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43 sq.m1
Online ViewingRemote Transaction
An exciting riverfront area with over 1 km of waterfront, beautiful cityscape and river views.
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Intermark Global
381 217 €
Apartment in London, United Kingdom
37 sq.m1
Online ViewingRemote Transaction
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