January 27, 2023

UK house prices fall as mortgage interest rates surge:

House prices dipped by 0.1% in September as mortgage interest are soaring- does this indicate a crash coming. The annual rate of house price growth also slowed to 9.9% in September from 11.4% in August – returning to single digits for the first time since January. It comes after the number of mortgage products available fell sharply following the recent mini Budget and as product choice has gradually returned, lenders have been pricing their mortgage deals upwards. Predicting what happens next means making sense of the many variables now at play and the housing market has consistently defied expectations in recent times.

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Is there a property crash coming in the UK?

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UK house prices fall as mortgage interest rates surge:

House prices dipped by 0.1% in September as mortgage interest are soaring- does this indicate a crash coming. The annual rate of house price growth also slowed to 9.9% in September from 11.4% in August – returning to single digits for the first time since January. It comes after the number of mortgage products available fell sharply following the recent mini Budget and as product choice has gradually returned, lenders have been pricing their mortgage deals upwards. Predicting what happens next means making sense of the many variables now at play and the housing market has consistently defied expectations in recent times.

_______________________________

Is there a property crash coming in the UK?

Leave a Reply

Your email address will not be published. Required fields are marked *