{"id":102604,"date":"2018-12-30T14:00:15","date_gmt":"2018-12-30T07:00:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-uks-house-price-boom-is-slowing-and-thats-welcome-news\/"},"modified":"2018-12-30T14:04:57","modified_gmt":"2018-12-30T07:04:57","slug":"the-uks-house-price-boom-is-slowing-and-thats-welcome-news","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-uks-house-price-boom-is-slowing-and-thats-welcome-news\/","title":{"rendered":"The UK\u2019s house price boom is slowing: and that\u2019s welcome news"},"content":{"rendered":"


\nA moderate rise in prices in 2019 could mean an unsustainable boom will have ended in a soft landingBritain\u2019s passion for rising house prices is both strange and irrational because by any yardstick a surging property market is bad news. It makes people feel wealthier than they actually are and so encourages them to take on more debt than they can afford. It diverts investment from more productive uses. It helps those who own housing assets at the expense of renters. And for every boom there is a reckoning, often extremely painful.As a result, there are two possible responses to the forecast from the Halifax that house prices will rise by 2-4% in 2019. One is to treat only modest house price inflation as some sort of national tragedy. The other is to hope that Britain\u2019s biggest mortgage lender has got it right. Response number two is the correct one. Continue reading…
\n
\nSource : theguardian.com
\nRead more…The UK\u2019s house price boom is slowing: and that\u2019s welcome news<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A moderate rise in prices in 2019 could mean an unsustainable boom will have ended...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102604","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qGU","jetpack-related-posts":[{"id":124130,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-at-fastest-pace-since-2007-but-boom-predicted-to-end\/","url_meta":{"origin":102604,"position":0},"title":"UK house prices rise at fastest pace since 2007 but boom predicted to end","date":"January 7, 2022","format":false,"excerpt":"\r Halifax says price of average home hit record of \u00a3276,091 in December, up more than \u00a324,000 over the yearUK house prices rose by 9.8% last year, the fastest rate since 2007, but the boom is predicted to end this year as household finances come under increasing pressure, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83081,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-housing-boom-shows-signs-of-cooling-as-new-home-prices-rise-in-only-44-of-70-cities-tracked\/","url_meta":{"origin":102604,"position":1},"title":"China\u2019s housing boom shows signs of cooling, as new home prices rise in only 44 of 70 cities tracked","date":"March 19, 2018","format":false,"excerpt":"\r China\u2019s property market showed signs of cooling in February, as fewer cities reported price gains for the month compared to January, according to the latest official figures. The slowdown was most pronounced in first and second-tier cities, while third-tier cities carried the bulk of the price gains, Liu Jianwei,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46969,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/consumer-boom-at-an-end-as-prices-rise-and-shoppers-cut-back\/","url_meta":{"origin":102604,"position":2},"title":"Consumer boom at an end as prices rise and shoppers cut back\u00a0","date":"March 7, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Consumer boom at an end as prices rise and shoppers cut back\u00a0","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124790,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/persimmon-profits-jump-to-nearly-1bn-as-uk-house-price-boom-continues\/","url_meta":{"origin":102604,"position":3},"title":"Persimmon profits jump to nearly \u00a31bn as UK house price boom continues","date":"March 2, 2022","format":false,"excerpt":"\r Housebuilder predicts prices will rise further despite cautioning Ukraine war could disrupt economyBritain\u2019s biggest housebuilder, Persimmon, has announced profits of nearly \u00a31bn in 2021, but cautioned that the Ukraine invasion could disrupt the the UK economy in the year ahead.Persimmon\u2019s profits jumped by nearly a quarter to \u00a3970m thanks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123013,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-market-boom-run-is-over-says-john-key\/","url_meta":{"origin":102604,"position":4},"title":"Housing market 'boom run is over', says John Key","date":"November 4, 2021","format":false,"excerpt":"\r ANZ bank chairman Sir John Key says house price growth is now unsustainable.\"The rapid rise in house prices is not sustainable and it can't and will not continue,\" he said.\"I don't know that we'll see a tremendously big correction....\r \r Source : nzherald.co.nz\/Property\r Read more...Housing market 'boom run is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130710,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uks-13-year-housing-market-boom-to-end-in-2023-surveyors-predict\/","url_meta":{"origin":102604,"position":5},"title":"UK\u2019s 13-year housing market boom to end in 2023, surveyors predict","date":"October 13, 2022","format":false,"excerpt":"\r RICS report says rise in repossessions will add to supply while soaring interest rates price buyers out of marketHomeowners will struggle to make mortgage repayments and repossessions will rise next year as soaring interest rates and falling prices mark the end of the UK\u2019s 13-year housing market boom, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102604"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=102604"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102604\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}