Housing Market 2024 Interest Rates Uk. Mortgage rates have already begun steadily falling in anticipation of the fed’s expected wednesday cut. High mortgage rates and persistent inflation meant transactions fell by a fifth last year and average prices dropped by 5% in the year to september.

Interest rates and utility prices are also showing signs of coming down, easing the financial pressure on uk buyers and sellers and inspiring greater confidence. The uk housing market in 2024 is likely to be a year of adjustments.