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00:00 By the end of 2023, a statistical study showed that real estate sales and demand across the UK were higher than last year, compared to the previous year, with the improvement of consumer morale.
00:20 The real estate market said that the new sales agreed to were 17% higher than last year, compared to the previous year.
00:31 However, the housing market was affected by the rise in real estate stock prices, where official figures showed a 21% drop in the 12 months until October last year.
00:45 Real estate prices in Britain have remained better than expected this year, despite the clear declines, but this is mostly due to the lack of houses on sale, not the demand from buyers.
00:57 It seems that a rapid rise in housing prices in the coming year is not a good thing for investors.
01:05 The real estate market recorded a 21% annual drop in housing prices across the country in December, with a 1.5% drop in London, where the average price exceeded 536,000 pounds.
01:24 The buyers formed a three-fold share of the total sales, while real estate sales in real estate stocks fell by a third.
01:34 Investors hope that the constant pressure on the Bank of England to lower interest rates from their current levels will contribute to a 5.25% drop in real estate stock prices.
01:49 Fadi Heredia, Aryad Al Saadi, CNBC Arabia, London
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