As Britain’s largest mortgage lender, a strong housing market is essential for the smooth running of Lloyds Bank’s business.
Previous expectations were not optimistic; last quarter, they predicted a decline in house prices of 2.2%.
This projection has now been revised after looking at the encouraging activity seen in the housing market in early 2024. They now predict that house prices will rise by 1.5% in 2024. It is no wonder that more property investors are asking questions such as What are safe investments in 2024?
This comes as various reports and indexes find promising signs in the UK housing market in the first quarter of this year. For example, according to the Nationwide Building Society, house prices experienced the fastest three-month rise since the three months to July 2022 in Q1 2024.
Learn More: Looking for the latest buy-to-let opportunities? Discover the best long-term property investment strategies with RWinvest’s detailed insights!
