House prices set to fall 9% by 2024 amid biggest drop in living standards on record

House prices set to fall 9% by 2024 amid biggest drop in living standards on record

Mortgages are higher and people will have less money to spend in general (Picture: PA)
A grim forecast for the UK predicts that house prices will drop by 9% due to more expensive mortgages and the biggest drop in living standards since records began.
The Office for Budget Responsibility (OBR) set out its forecast following Jeremy Hunt’s budget this morning, and it doesn’t paint a bright…

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