Savills' Frances McDonald: UK House prices "will be 10% lower" by the end of 2023

The video discusses the UK real estate market, highlighting recent trends, potential price declines, and regional disparities. It explores factors that may mitigate significant price falls, such as stable unemployment rates and fixed mortgage terms. The role of international buyers and the dynamics of the prime market are also examined. Advice is provided for first-time buyers, with a focus on long-term investment potential and expected market recovery by 2026.

What factors contributed to the decline in house prices across the UK in late 2022?

How are rising interest rates expected to affect different regions in the UK housing market?

What are the three factors that lead to a more positive outlook for the housing market despite potential price falls?

What advice is given to first-time buyers looking to enter the property market in the UK?

What is the expected price growth in the UK housing market over the next five years?