UK Property Predictions For 2023 – Where Is The Housing And Rental Market Going?

Money Tips Daily by Charles Kelly, former IFA and author of

UK Property Predictions For 2023 – Where Is The Housing And Rental Market Going?

With some forecasters warning of somewhere between a depression and Armageddon, here are my thoughts on the UK housing market.

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The UK housing market will shrink - but not necessarily crash - next year, industry experts agree, as the government fights recession and higher mortgage rates.

House prices have been dropping month-on-month with average prices down 2.3% in November from October – the most since the start of the financial crash in 2008 – according to Halifax.

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Price growth will decline in 2023 as soaring inflation hits the economy and forces interest rates up.

As with all economic forecasts, much depends on government action and the prevailing winds of the economy, but more rests on your action in your U’conomy!

Your goals for 2023

· How was 2022 for you?

· Did you achieve your goals?

· What are your financial goals for 2023 and how do you plan to achieve them?

I wish you a happy and successful new year!

For more tips and money-making ideas and coaching see Master Your Money the S.M.A.R.T Way training.

Check it out for free - https://bit.ly/3isugCr.