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Have house prices gone down

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Have house prices gone down
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Yes, house prices have seen a decrease in some regions. Here are some details:

- In the **UK**, house prices have fallen by **-1.2%** or **-£2,910** in the 12 months to November 2023. The most significant drops were observed in the East of England (-2.6%), the South East (-2.4%), and cities like Bournemouth (-2.6%), Southampton (-2.3%), and Cambridge (-2.3%)⁵.
- In **Canada**, there's a modest annual average price increase of 2%, although a month-on-month dip of 2% was also observed. All provinces, except for Quebec and Newfoundland, are seeing a decrease in average housing prices for the month³.
- Globally, prices rose steeply - by about 25% - across most of the world from the start of 2020 until Autumn 2022. But they have fallen by nearly 5% from their peak, according to July's figures⁴.

Source:
(1) Sold House Prices - Get UK house prices online - Zoopla. https://www.zoopla.co.uk/house-prices/.
(2) Canadian Housing Market Report Dec. 20th, 2023 - WOWA. https://wowa.ca/reports/canada-housing-market.
(3) What is happening to house prices, and could there be a crash?. https://www.bbc.co.uk/news/explainers-63147101.
(4) Housing Market Predictions For 2024: When Will Home Prices Be ... - Forbes. https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/.
(5) 10 New Real Estate Trends & Forecasts for 2022/2023 and Beyond. https://financesonline.com/real-estate-trends/.
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