{"id":123550,"date":"2021-12-01T15:09:29","date_gmt":"2021-12-01T08:09:29","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-price-rises-accelerate-in-november-but-outlook-remains-uncertain-business-live\/"},"modified":"2021-12-01T15:24:04","modified_gmt":"2021-12-01T08:24:04","slug":"uk-house-price-rises-accelerate-in-november-but-outlook-remains-uncertain-business-live","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-price-rises-accelerate-in-november-but-outlook-remains-uncertain-business-live\/","title":{"rendered":"UK house price rises accelerate in November, but outlook remains uncertain \u2013 business live"},"content":{"rendered":"


\nRolling coverage of the latest economic and financial newsUK house prices rose 0.9% in November, says NationwidePrices 10% higher than a year agoBut Omicron variant and inflation mean outlook is uncertainMartin Beck, senior economic advisor to the EY ITEM Club, predicts house price growth will slow next year — which might help first time buyers onto the housing ladder.Stamp duty back at its normal level is not the only headwind facing the housing market: household income growth faces pressures from higher inflation and tax rises, while uncertainty stemming from the new Omicron variant could hold back potential buyers until the situation is clearer.\u201cMoreover, despite the Bank of England\u2019s MPC adopting a more hawkish tone on the prospect of interest rate rises, mortgage rates fell to a record low in October. And uncertainty stemming from the new Omicron variant reinforces the EY ITEM Club\u2019s expectation that the MPC will hold off raising rates until next year.So, while house price growth is likely to slow during 2022, an outright fall seems unlikely.\u201dIt is unclear what impact the new \u2018Omicron\u2019 variant will have on the wider economy. While consumer confidence stabilised in November, sentiment remains well below the levels seen during the summer, partly as a result of a sharp increase in the cost of living. Moreover, inflation is set to rise further, probably towards 5% in the coming quarters.Even if economic conditions continue to improve, rising interest rates may exert a cooling influence on the market. Indeed, house price growth has been outpacing income growth by a significant margin and, as a result, housing affordability is already less favourable than was the case before the pandemic struck. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK house price rises accelerate in November, but outlook remains uncertain \u2013 business live<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rolling coverage of the latest economic and financial newsUK house prices rose 0.9% in November,...<\/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-123550","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-w8K","jetpack-related-posts":[{"id":169442,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-inflation-rises-2-1-in-december-as-housing-costs-drive-prices\/","url_meta":{"origin":123550,"position":0},"title":"Saudi inflation rises 2.1% in December as housing costs drive prices","date":"January 16, 2026","format":false,"excerpt":"\r Consumer prices edged up 0.1% month on month, with higher rents and transport costs remaining key contributors to inflation, official data shows The post Saudi inflation rises 2.1% in December as housing costs drive prices appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2026\/01\/General-Authority-for-Statistics-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":124497,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-hit-record-high-but-cost-of-living-squeeze-will-slow-growth-considerably-business-live\/","url_meta":{"origin":123550,"position":1},"title":"UK house prices hit record high, but cost of living squeeze will slow growth \u2018considerably\u2019 \u2013 business live","date":"February 7, 2022","format":false,"excerpt":"\r Rolling coverage of the latest economic and financial newsHalifax: House prices hit record of \u00a3276,759 in JanuaryYounger generations face significant barriers to home ownershipExperts: House price juggernaut slowingSurging inflation will slow recovery in 2022, predicts EYTesco chairman warns of food price inflation at 5% by springUnions have urged the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123859,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-carefully-considered-scope-timing-of-new-cooling-measures\/","url_meta":{"origin":123550,"position":2},"title":"Gov\u2019t carefully considered scope, timing of new cooling measures","date":"December 17, 2021","format":false,"excerpt":"\r Gov\u2019t carefully considered scope, timing of new cooling measuresThe higher ABSD aims to moderate the demand from those who wish to purchase investment properties, while tighter loan limits aim to encourage \u201cgreater financial prudence\u201d among home buyers. The Government has \u201ccarefully considered\u201d the scope and timing of the new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/singapore-marina.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":132984,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inflation-cools-in-november-raising-hopes-price-rises-have-peaked-live-updates\/","url_meta":{"origin":123550,"position":3},"title":"Inflation cools in November raising hopes price rises have peaked – live updates","date":"December 14, 2022","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Inflation cools in November raising hopes price rises have peaked - live updates","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105197,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-price-growth-at-six-year-low-and-inflation-rises-to-1-9\/","url_meta":{"origin":123550,"position":4},"title":"House price growth at six-year low and inflation rises to 1.9%","date":"March 20, 2019","format":false,"excerpt":"\r UK could suffer first fall in prices since 2011 towards the end of this yearHouse prices grew at the slowest rate since 2013 in January, according to official figures that signalled the UK was heading later this year for the first fall in property values since the financial crash.Average\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63700,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/westpac-sees-muted-house-price-rises-in-coming-years\/","url_meta":{"origin":123550,"position":5},"title":"Westpac sees 'muted' house-price rises in coming years","date":"August 15, 2017","format":false,"excerpt":"\r Economists at one of New Zealand's largest mortgage lenders have predicted a flat to muted housing market for the next few years.A new Westpac report out today has a gloomy national outlook for the housing sector.The report, signed...\r \r Source : nzherald.co.nz\/Property\r Read more...Westpac sees 'muted' house-price rises in\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\/123550"}],"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=123550"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123550\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}