House prices in the UK will continue to fall in the near future, so buying real estate now could be a good investment. According to Halifax, the cost of apartments and houses in the country have fallen for the first time since 2012.
The price decrease was 1% compared to 2022. In May this year prices have dropped by £3,000 compared to the same period in 2022, and by £7,500 compared to August last year. The average price of a home in the UK is now £286,532. Prices have fallen in the south of the country, where most of the population is concentrated. All other regions, except for Wales, recorded a slowdown in annual price growth.