According to Rightmove, an online real estate portal, home sellers in the UK reduced their asking prices by approximately 2% in December, Invest-Gate reports.

This decrease suggests that the real estate market is likely to continue its slowdown.

The decline in house prices throughout the year is considered more significant than the average seen over the past 20 years.

In a separate report by UK Finance, it is anticipated that real estate loans will decline by 8% in 2024, amounting to GBP 120 bn, equivalent to $150 bn.