31st July 2023
Propertymark: 'House price drops were inevitable'
Cooling house prices are providing an opportunity for buyers even with higher borrowing costs, Propertymark claims.
The agency trade body said it was inevitable that prices would drop from the “drastic” and “unrealistic levels” seen since the pandemic.
Nathan Emerson, chief executive of Propertymark, said: “This is providing an opportunity for some buyers...