Britons’ interest in the housing market has always been keen, but in recent years it has had to compete with a preoccupation over whether the UK economy will tip into recession. With the outlook for house prices in the years ahead now much more promising, they could become a talking point again. However, that may depend on how quickly the Bank of England cuts interest rates. It’s a far cry from the dire warnings about the housing market that were prevalent during the post-pandemic rise in interest rates, which reached a peak of 5.25 per cent, up from a record low of 0.1 per cent in less than 24 months. Demand has been remarkably resilient despite economic headwinds ALAMYIn November 2023 the Office for Budget Responsibility (OBR) predicted that house prices would decline
