2024-2026 house prices to rise at a slower rate than incomes, remaining unaffordable with prices around £20k above affordable levels.
Zoopla research shows house prices set to rise at a slower rate than incomes over the next two years, remaining generally unaffordable. Property value inflation is expected to "remain muted" between 2024 and 2026 compared to wages, while prices stay around £20,000 above affordable levels. The "over-valuation" of properties is expected to disappear by the end of the year due to rising incomes and longer mortgage terms.
June 27, 2024
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