House prices will continue to drop this year and next, before rising again in 2025, reckons the UK's largest mortgage lender.
Lloyds banking group predicts a 4.7% drop in prices this year, and a further 2.4% in 2024, before recovering.
Despite this, long-term growth remains positive with prices rising 0.6% by 2027.
The average home price remains roughly £40,000 higher than during CV19 when prices soared, largely down to people needing to work from home.
Lloyds has blamed higher borrowing costs for a slow down in house sales.
Interest rates are at a 15-year high at 5.25%, while the average rate on a two-year fixed mortgage is 6.24%.
Lloyds reveals increase in profits
The forecasts come alongside a trading statement from Lloyds, revealing pre-tax profits of £1.9b for the three months up to September.
That's up from £576m in the same period last year.