House prices are falling at their sharpest rate in 14 years, with borrowing costs set to rise further tomorrow.
Tag: houseprices
House prices fall at their sharpest rate in 14 years as borrowing costs are set to rise further tomorrow
House prices fall at their sharpest rate in 14 years as borrowing costs are set to rise further tomorrow
- £10,400 has been wiped off the value of a typical home over the past 12 months
- The 3.8 per cent drop in house prices marks the biggest downturn since 2009
Is it the end for the doer-upper? What you need to know if you want to ‘flip’ run-down properties
The days of flipping properties could be over due to ‘unrealistic’ selling prices and the soaring costs of supplies, experts have suggested.
Building materials have been steadily rising in price for years, and 2023 is to be no exception due to inflation still wreaking havoc on the economy.
Meanwhile, demands for housing and other buildings continue to increase, making the cost of construction and hiring workers more expensive.
It means the work of a so-called ‘flipper’ – who buys and