This time around, Wishart expects prices to keep rising for the time being before levelling off at the end of the year and turning down to drop 3pc in 2023 and 1.8pc in 2024.
“Visits to property websites dropped back to their lowest level since May 2020 this month, and the RICS housing survey suggested that quarterly house price growth will cool to zero by the third quarter,” he says.
“Visits to property websites dropped back to their lowest level since May 2020 this month, and the RICS housing survey suggested that quarterly house price growth will cool to zero by the third quarter,” he says.