U.K. house prices will fall 'modestly' in the coming months, but are unlikely to drop as dramatically as in 2008, two analysts told CNBC.
Hansen Lu, property economist at Capital Economics, foresees a "modest" 4% fall in house prices this year.
New-build residential homes are pictured during construction at a housing development, stalled due to the COVID-19 pandemic, in Riseley near Reading on May 1, 2020.U.K. house prices will fall "modestly" in the coming months, but are unlikely to drop as dramatically as in 2008, two analysts told CNBC.country's government
Though future house prices will depend on how long the outbreak lasts, analysts are confident that "very low interest rates" and supply shortages will limit their fall.
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