House price rise expected to reverse

Lloyds expects house prices to fall at the end of this year after reaching a record in 2020. The bank's latest forecasts predict price growth of 5.5% and 4.7% in the first and second quarters respectively. House prices are then expected to fall by 1.6% and 3.8% in the final two quarters of this year. Overall, house prices are forecast to fall by 3.8% this year, before rising by 0.5% in 2022 and 1.5% in the following two years. Lloyds also forecast a 1.7% fall in commercial property prices this year.

The Times (24/02.2021)