The UK House Price CRASH continues with house prices FALLING a further £1,300 in September. The UK Housing Market Crash has seen house prices FALL by an average of 5.8% (£16,000) since their PEAK last summer and the UK property market is expected to drop further throughout the rest of 2023 and into 2024.

Despite this, popular house price indexes and many media outlets have been reluctant to report actual figures with many hiding behind seasonal adjustments and secret methodologies to avoid reporting the true extent of the house price crash.

We are currently 13 months into what could potentially end up being the greatest UK house price crash in living memory, yet some house price indexes and media outlets are still reluctant to fully accept what is happening.

Over the past 15 years, house prices have been pumped into bubble territory by record low interest rates, buy to let investment speculation and government support (Help to Buy). This is no longer the case and the housing market is long overdue for a major correction.

High inflation has seen interest rates return to historic norms and mortgage costs have soared. With the majority of house purchases in the UK requiring a mortgage, this has led to a drop in house prices and the buy to let model has become much less attractive.

Homeowners and landlords are already selling up as their mortgage debts become unmanageable and there are still millions of homeowners yet to feel the pain of higher interest rates.

How much will house prices drop in 2024? Let us know your house price predictions in the comments below.