The most pessimistic forecast was for a 10% fall, despite consumer prices expected to rise 7.5% this year, according to a separate Reuters poll.
They were expected to flatline in 2024 and rise a little over 3% the year after, little changed from the previous poll.
"The London housing market ebbs and flows, yet is there really such a thing as a 'London property market' nowadays?"
RENTAL STRESSThose unable or unwilling to make it onto the property ladder will feel the pinch from surging rental costs.
Private rental prices paid by tenants in Britain rose 5.3% in the 12 months to July, according to the Office for National Statistics.
Persons:
Stefan Wermuth, BoE, Michael McGill, Zoopla, Russell Quirk, Aneisha Beveridge, Jonathan Cable, Mumal Rathore, Rahul Trivedi, Purujit, Mark Potter
Organizations:
REUTERS, Bank of England, Office, National Statistics, Thomson
Locations:
London, Britain, Kensington, Mayfair, Barking, Dagenham