UK house prices will fall by 8% next year, Lloyds predicts
2 years, 1 month ago

UK house prices will fall by 8% next year, Lloyds predicts

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} UK house prices will fall by nearly 8 per cent next year and then almost stagnate for four years, the UK’s biggest mortgage lender is forecasting. The FTSE-100 lender said it expected the UK economy to shrink by at least 1 per cent next year – and potentially by as much as 4.5 per cent. According to its forecast, house prices will fall by 7.9pc next year, but a worst-case model outlines a drop of almost 18 per cent. An 8 per cent drop in house prices would risk putting some buyers into negative equity.

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History of this topic

Average UK house price reached new record high of £298,083 in November – Halifax
2 weeks, 4 days ago

Average UK house price reached new record high of £298,083 in November – Halifax

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “This should …

What’s really behind the surprise surge in house prices?
3 weeks ago

What’s really behind the surprise surge in house prices?

The Independent  

Sorry to make a soggy start to the week even more miserable, but it brings bad news for homebuyers. Nationwide recently trumpeted itself as the “first major lender to offer first-time buyers ability to borrow six times income, up to 95 per cent loan-to-value”. “The acceleration in house price growth is surprising, since affordability remains stretched by historic standards, with …

Surprise jump in house prices with fastest rise in two years - as experts warn they will continue to increase
3 weeks, 1 day ago

Surprise jump in house prices with fastest rise in two years - as experts warn they will continue to increase

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy House prices made a surprise jump in November, with experts …

House prices rise just 0.1 per cent in weakest result since January 2023, CoreLogic data shows
3 weeks, 1 day ago

House prices rise just 0.1 per cent in weakest result since January 2023, CoreLogic data shows

ABC  

National home prices are losing momentum and anticipated interest rate cuts are unlikely to stop falls in house prices next year. New CoreLogic data shows house prices increased 0.1 per cent nationally in the last month of spring — the weakest Australia-wide result since January 2023. Brett D'Souza says he "made mistakes" when he tried to sell his home without …

Looming stamp duty changes ‘could hold back house price growth in 2025’
1 month ago

Looming stamp duty changes ‘could hold back house price growth in 2025’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Stamp duty changes next year …

Mortgage rates: Bad news if you’re looking to buy a house in the next two years
1 month ago

Mortgage rates: Bad news if you’re looking to buy a house in the next two years

CNN  

Washington CNN — Americans looking to purchase a home in the next few years will have a tough pill to swallow. Mortgage rates are now expected to stay stuck above 6% for at least the next two years, according to economists and recent forecasts. Wells Fargo economists project mortgage rates to average 6.3% by the end of next year, according …

Average price tag on a home falls by more than £5,000 in November
1 month ago

Average price tag on a home falls by more than £5,000 in November

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tim Bannister Rightmove’s director of property science said: “The …

How much house prices are predicted to go up by across the UK
Trending News
1 month, 2 weeks ago

How much house prices are predicted to go up by across the UK

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Here are Savills’ predictions for house price increases over the …

Autumn Budget 2024: What will it mean for my mortgage?
1 month, 3 weeks ago

Autumn Budget 2024: What will it mean for my mortgage?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

House prices are rising across the UK for the first time in two years
2 months, 2 weeks ago

House prices are rising across the UK for the first time in two years

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} House prices are …

Mapped: House prices grow to almost two-year high in September
2 months, 3 weeks ago

Mapped: House prices grow to almost two-year high in September

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} UK house prices …

Number of house sales was 5% higher in August than a year earlier
2 months, 3 weeks ago

Number of house sales was 5% higher in August than a year earlier

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Holly Tomlinson, a financial planner at wealth manager Quilter …

Annual house price growth increases at fastest rate since 2022
3 months, 3 weeks ago

Annual house price growth increases at fastest rate since 2022

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Annual house price growth has picked up at the fastest …

The cities where homeowners are most likely to have seen their property value rise or fall
5 months ago

The cities where homeowners are most likely to have seen their property value rise or fall

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. While around just under seven million homes have Towns and cities in northern England …

London house prices rise for first time in a year
5 months, 1 week ago

London house prices rise for first time in a year

The Telegraph  

House prices in London and the South East have increased for the first time in a year as higher wages boost the property market. London prices rose by 0.2pc year-on-year in May, while properties in the South East climbed by 0.7pc, the first annual increase in either region since May 2023 and April 2023 respectively, according to the Office for …

How house prices have changed in YOUR area: Interactive calculator reveals where property prices have risen and fallen most in the past year
7 months ago

How house prices have changed in YOUR area: Interactive calculator reveals where property prices have risen and fallen most in the past year

Daily Mail  

A new online calculator has revealed how house prices have changed over the last year in your area. Average house prices increased by 1.8 per cent in the 12 months to March, lifting the figure to £283,000, up from £281,000 in the previous month. Canterbury -12.10% -£38,945 Average house prices in Northern Ireland were up 4 per cent to £178,000 …

House prices are falling, but what does the future hold for the market from here?
7 months, 2 weeks ago

House prices are falling, but what does the future hold for the market from here?

The Independent  

Britain’s housing market has turned hostile again, at least for sellers. It was possible to find rates close to 1 per cent in 2021, before the Bank of England imposed 14 consecutive interest-rate rises in an attempt to bring an inflationary spike under control. While the US and the UK are in very different places economically, that sort of sudden …

UK House Prices Decline for the First Time in Six Months
8 months, 2 weeks ago

UK House Prices Decline for the First Time in Six Months

Hindustan Times  

UK house prices slipped for the first time in six months in March, lender Halifax said in data that confirmed a setback in the property market’s recovery. “That a monthly fall should occur following five consecutive months of growth is not entirely unexpected particularly in view of the reset the market has been going through since interest rates began to …

House prices fell in March. Here’s why that shouldn’t surprise us
8 months, 3 weeks ago

House prices fell in March. Here’s why that shouldn’t surprise us

The Independent  

After showing some modest signs of life, Britain’s maddening housing market decided to resume its sulk in March. The Nationwide Building Society’s latest index showed a modest year-on-year rise of 1.6 per cent but a seasonally adjusted month-on-month fall of 0.2 per cent when compared to February’s prices. The latest positive news came from the British Retail Consortium, which said …

The areas that saw the biggest house price jumps and drops revealed
10 months, 1 week ago

The areas that saw the biggest house price jumps and drops revealed

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Around one in 10 homes across Britain increased by 5% …

London leads rebound in home buyer demand as 2024 gets under way, says Zoopla
10 months, 3 weeks ago

London leads rebound in home buyer demand as 2024 gets under way, says Zoopla

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Meanwhile, they are …

Is Britain’s mortgage hell finally over?
11 months, 2 weeks ago

Is Britain’s mortgage hell finally over?

The Independent  

On the face of things, it looks like a very happy new year for mortgage borrowers. After a miserable 2023 in which rates shot up like a world champion pole vaulter, Bank of England base rates hit 5.25 per cent before the Monetary Policy Committee pressed pause – 2024 could hardly have started better for the housing market. More good …

Squeeze on home buyers’ budgets set to continue into 2024, say experts
11 months, 3 weeks ago

Squeeze on home buyers’ budgets set to continue into 2024, say experts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Overall, we predict a modest average fall of 1% …

From AI and inflation to Elon Musk and Taylor Swift, the business stories that dominated 2023
1 year ago

From AI and inflation to Elon Musk and Taylor Swift, the business stories that dominated 2023

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Their aggressive rate hikes had brought inflation way down from the peaks of 2022, when …

House prices rise for the first time in six months, say Halifax - but are still lower than a year ago
1 year, 1 month ago

House prices rise for the first time in six months, say Halifax - but are still lower than a year ago

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Average UK house prices rose …

UK house prices have proven more resilient than expected, says Halifax
1 year, 2 months ago

UK house prices have proven more resilient than expected, says Halifax

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Many economists and financial markets predict that base rate …

Mortgage rates going down spells relief for homeowners and buyers – what it means for you
1 year, 3 months ago

Mortgage rates going down spells relief for homeowners and buyers – what it means for you

The Independent  

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Could Britain’s mortgage nightmare be at an end?
1 year, 3 months ago

Could Britain’s mortgage nightmare be at an end?

The Independent  

In terms of a bona fide triple huzzah shot in the arm, you’d do well to find something much better than the latest UK inflation news in the world of economics. Except that the headline number for August rolled in at 6.7 per cent, a small but important fall from the previous month’s 6.8 per cent. Before we look at …

Rents ‘could rise four times as fast as house prices across the years ahead’
1 year, 3 months ago

Rents ‘could rise four times as fast as house prices across the years ahead’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Across Britain, rents could rise by 25% over the four-year period, compared with 5.5% …

Why are house prices falling?
1 year, 3 months ago

Why are house prices falling?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. With house prices in southern England often being higher …

Number of mortgage approvals to home buyers drops by nearly 10% month-on-month
1 year, 3 months ago

Number of mortgage approvals to home buyers drops by nearly 10% month-on-month

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Mortgages are priced off swap rates, which are heavily …

Mapped: Areas in UK facing sharpest drop in house prices
1 year, 4 months ago

Mapped: Areas in UK facing sharpest drop in house prices

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Take a look at our map below for the areas …

House prices are falling, but here’s why it would be wrong to give up on bricks and mortar
1 year, 4 months ago

House prices are falling, but here’s why it would be wrong to give up on bricks and mortar

The Independent  

Homeowners can be forgiven for worrying about the news of a slump in house prices, but all is not doom and gloom. Whereas April and May’s hot inflation figures raised the prospect that the UK could be an outlier on inflation among advanced economies, prompting an ugly spike in borrowing costs, June’s reading largely allayed those fears. The Nationwide data …

UK homeowners get some respite as inflation falls by more than anticipated to a 15-month low
1 year, 5 months ago

UK homeowners get some respite as inflation falls by more than anticipated to a 15-month low

Associated Press  

LONDON — Inflation in the U.K. has fallen by more than anticipated to a 15-month low, official figures showed Wednesday, a development that offered struggling households hope that interest rates won’t rise as much as feared over the coming months. Although Dave Ramsden, deputy governor at the Bank of England, said inflation is still “much too high,” analysts said the …

A fall in house prices is bad news – especially for the Conservative Party
1 year, 5 months ago

A fall in house prices is bad news – especially for the Conservative Party

The Independent  

It is a common fallacy, in any discussion of how “ridiculous”, “absurd” or “insane” house prices are, to assume that life would be better if housing were cheaper. The reason British house prices are falling is that interest rates are going up, which means that people are finding it harder to buy. The Independent would prefer taxes to take more …

House prices fall at fastest annual rate in 12 years as mortgage rates soar
1 year, 5 months ago

House prices fall at fastest annual rate in 12 years as mortgage rates soar

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. With markets now forecasting a peak in bank rate …

Buying or selling? How to deal with rising mortgage rates and falling house prices
1 year, 5 months ago

Buying or selling? How to deal with rising mortgage rates and falling house prices

The Independent  

For millions of Britons who had plans to move house or get on the property ladder this year, the latest mortgage misery coupled with the cost of living crisis makes paints a grim picture. Ross Lacey, director and chartered financial planner at Fairview Financial Management, said: “As a homeowner, if you want to move then even if your property price …

Average house price falls 3.5% as mortgage rates keep climbing
1 year, 5 months ago

Average house price falls 3.5% as mortgage rates keep climbing

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Gardner added: “Moreover, despite the higher interest rates …

27% annual fall in house sales in May – HMRC figures
1 year, 5 months ago

27% annual fall in house sales in May – HMRC figures

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. HMRC’s report said the big fall compared with May …

UK ‘hurtling into mortgage disaster’ as rates near highs seen during Truss turmoil
1 year, 6 months ago

UK ‘hurtling into mortgage disaster’ as rates near highs seen during Truss turmoil

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK is “hurtling headlong into a mortgage disaster”, experts …

Annual house price growth turns negative for first time since 2012 – index
1 year, 6 months ago

Annual house price growth turns negative for first time since 2012 – index

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. As expected, …

House prices fall at fastest annual rate since financial crisis
1 year, 6 months ago

House prices fall at fastest annual rate since financial crisis

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy House prices fell at the …

House prices fell 1.3% in the last six months says Zoopla
1 year, 6 months ago

House prices fell 1.3% in the last six months says Zoopla

Daily Mail  

House prices fell 1.3 per cent over the past six months as higher mortgage rates and an increase in living costs hit demand, according to Zoopla's latest house price index. Despite weaker demand, the number of new sales agreed over the last month was 11 per cent higher than the five-year average for the same period, Zoopla said. Improving levels …

House price falls ease in February with Sydney posting a rise as real estate listings dry up
1 year, 9 months ago

House price falls ease in February with Sydney posting a rise as real estate listings dry up

ABC  

A lack of properties for sale and the first rise in Sydney home prices in more than a year have stabilised real estate values across the nation. Key points: The CoreLogic home price index fell 0.1 per cent nationally in February, the smallest fall since May 2022 Sydney home values rose for the first month since January 2022 Westpac is …

A 30 per cent house price fall 'unlikely' with RBA tipped to cut interest rates in late 2023
1 year, 11 months ago

A 30 per cent house price fall 'unlikely' with RBA tipped to cut interest rates in late 2023

ABC  

It's the question that most Australians want an answer to. Signs of a weaker housing market: property listings are 'abnormally low' Economists had been predicting a 15–20 per cent fall in property prices since the Reserve Bank started increasing interest rates in May. Shane Oliver says with house prices already down by about 8 per cent from their pandemic high, …

Mortgage approvals fall to lowest level since Covid hit
2 years ago

Mortgage approvals fall to lowest level since Covid hit

The Telegraph  

The mortgage market chaos following Liz Truss's mini-Budget pushed down approvals for home loans to their lowest level in more than two years in October. The figures cover the period immediately after Kwasi Kwarteng delivered the mini-Budget when lenders withdrew hundreds of mortgage products and rates were pushed up in response to expectations for aggressive Bank of England action. Forecasters …

What’s bad news for the economy may be good news for house prices
2 years, 1 month ago

What’s bad news for the economy may be good news for house prices

The Independent  

What’s bad news for the economy may turn out to be good news for borrowers – and for house prices. When the Bank of England increased interest rates to 3 per cent earlier this month, there was a market expectation that the peak rate would be 4.5 per cent or even 5 per cent next year. The implications for mortgage …

House prices expected to fall by 9% over next two years, says OBR
2 years, 1 month ago

House prices expected to fall by 9% over next two years, says OBR

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The economic and fiscal outlook was released as Chancellor …

10 areas in UK where house prices are predicted to fall the most
2 years, 1 month ago

10 areas in UK where house prices are predicted to fall the most

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. New figures from house seller advice service PropCast shows demand …

A decade of rising house prices is over. The UK economy will feel the pain
2 years, 1 month ago

A decade of rising house prices is over. The UK economy will feel the pain

CNN  

London CNN Business — For years, home ownership in Britain has been a one-way bet. “The mini budget added a whole percentage point onto mortgage rates,” said Richard Donnell, executive director of research at online property portal Zoopla. The “mini” budget added a whole percentage point onto mortgage rates.” Richard Donnell, executive director of research at Zoopla Average two-year and …

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