PROPERTY
House price tracker: will property values go up or down in my area?
Use our new postcode tool for England and Wales to find out how house prices have changed in your neighbourhood — and what the future may hold
The Times
Forecasting house prices is something of a national obsession — just not one that the British are very good at. When mortgage interest rates soared in autumn last year, some economists on the doom-mongering side predicted house price Armageddon, while others were calmer.
For its part, the Office for Budget Responsibility predicted a more modest peak-to-trough fall of 10 per cent, from the end of 2022 to 2024, which it has since revised down to just under 8 per cent. While these predictions of modest falls look closer to the mark based on today’s evidence, what all of these forecasts fail to take into account are wild hyper-local fluctuations based on numerous factors such as the proximity of schools, bakeries and crime, to name just
