Medium-term outlook for UK housing market

Medium-term outlook for UK housing market

We take a quick look at some of the property forecasts for 2023

  • Rental price growth is set to outpace sales price growth over the next two years. Driven by a shortage of stock and increased demand, rental growth averaging 3% per year is anticipated for the next 5 years.
  • The average of the forecasts we have collated suggest UK house prices will fall by a total of -7% over the course of 2023 and 2024. At worst a fall of 10%, which is being forecast by some, will only take prices back to the summer of 2021.
  • A decline in the number of homes sold in 2023 is likely, taking the annual total closer to 1 million, from 1.3 million expected this year.
  • On a positive note, there is already evidence of improving affordability and choice in the mortgage markets and if this continues it should help to boost levels of buyer demand.
  • Source: Dataloft, OBR, HM Treasury (Independent average), JLL, Savills, Knight Frank, CBRE, Rightmove, Zoopla, UK Finance


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Thinking of selling your home or simply curious about what’s really happening in Attleborough’s property market? Behind every monthly figure lies a story about where values are heading and what it means for you as a homeowner or landlord. Understanding the trend could shape your next move—and help you stay ahead.

Buying a home is one of life’s biggest decisions. Whether it’s your first purchase or your fifth, the process can feel daunting, with plenty of pitfalls to avoid. From mortgages and surveys to legal paperwork and negotiations, there’s a lot to take on board. By arming yourself with the right information and working with a knowledgeable local estate agent, you’ll be better placed to make smart decisions and find the home that truly fits your needs.

In 2020, Attleborough’s housing market mirrored the UK’s surge as lockdown lifted, with homes selling in days and prices climbing fast. Yet many of those pandemic purchases are now returning to the market. Shifting work patterns, higher mortgage costs, and lifestyle reassessments are reshaping today’s property landscape.