{"id":124497,"date":"2022-02-07T16:02:36","date_gmt":"2022-02-07T09:02:36","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-hit-record-high-but-cost-of-living-squeeze-will-slow-growth-considerably-business-live\/"},"modified":"2022-02-07T16:11:33","modified_gmt":"2022-02-07T09:11:33","slug":"uk-house-prices-hit-record-high-but-cost-of-living-squeeze-will-slow-growth-considerably-business-live","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-hit-record-high-but-cost-of-living-squeeze-will-slow-growth-considerably-business-live\/","title":{"rendered":"UK house prices hit record high, but cost of living squeeze will slow growth \u2018considerably\u2019 \u2013 business live"},"content":{"rendered":"


\nRolling 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 government to do more to help low-paid workers weather the cost of living crisis, after research found the number claiming universal credit has more than doubled since the start of the pandemic to at least 2.3 million.The TUC said the 1.3 million increase in working universal credit claimants had been caused by households being pushed into financial hardship during Covid and called for a substantial rise in the payments and a higher minimum wage to head off a \u201cperfect storm\u201d of costs coming in spring.\u201cUniversal credit urgently needs boosting and we need further action to reduce fuel costs for those battling to make ends meet. The best way to give working families long-term financial security is to get pay rising across the economy.\u201dRate rises would compromise affordability for those who can least bear it: first time buyers. This is compounded by increasing cost of living pressures which, for many, could push their goal of buying their first home further out of reach.\u201cWhile mortgage rates remain low by historical standards, buyers have to save bigger deposits than they did pre-pandemic as UK house price growth has significantly outpaced the rise in average earnings in recent history. Continue reading…
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\nSource : theguardian.com
\nRead more…UK house prices hit record high, but cost of living squeeze will slow growth \u2018considerably\u2019 \u2013 business live<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rolling coverage of the latest economic and financial newsHalifax: House prices hit record of \u00a3276,759...<\/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-124497","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-wo1","jetpack-related-posts":[{"id":123550,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-price-rises-accelerate-in-november-but-outlook-remains-uncertain-business-live\/","url_meta":{"origin":124497,"position":0},"title":"UK house price rises accelerate in November, but outlook remains uncertain \u2013 business live","date":"December 1, 2021","format":false,"excerpt":"\r Rolling 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 --\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-housing-market-facing-strengthening-headwinds-as-prices-fall-again-business-live\/","url_meta":{"origin":124497,"position":1},"title":"UK housing market \u2018facing strengthening headwinds\u2019 as prices fall again \u2013 business live","date":"June 1, 2023","format":false,"excerpt":"\r Rolling coverage of the latest economic and financial news, as Nationwide reports that UK annual house price growth fell to -3.4%, from -2.7% in AprilWith the Bank of England expected to keep raising interest rates, the housing market will come under more pressure, Nationwide warns.The financial markets currently predict\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75269,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-price-growth-to-slow-dramatically-in-2018-say-experts\/","url_meta":{"origin":124497,"position":2},"title":"UK house price growth to slow dramatically in 2018, say experts","date":"December 26, 2017","format":false,"excerpt":"\r Fear of interest rate rise and Brexit expected to either halt house price growth or result in a small below-inflation riseHouse price growth looks set to judder to a halt in 2018 or at best manage a small below-inflation rise, as the twin spectres of Brexit and rising interest\u2026","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":124497,"position":3},"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":140731,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-good-news-wages-are-rising-for-britons-the-bad-news-so-is-the-cost-of-housing-torsten-bell\/","url_meta":{"origin":124497,"position":4},"title":"The good news: wages are rising for Britons. The bad news: so is the cost of housing | Torsten Bell","date":"December 17, 2023","format":false,"excerpt":"\r Whether you own or rent your home, keeping a roof over your head is getting more expensiveInflation is down. The rate of annual price rises fell to 4.6% in October, from double digits back in March. As Rishi Sunak reminds us, inflation has been halved. Some Conservatives may wonder\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47039,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-were-rising-too-fast-bring-on-the-slowdown-nils-pratley\/","url_meta":{"origin":124497,"position":5},"title":"UK house prices were rising too fast \u2013\u00a0bring on the slowdown | Nils Pratley","date":"March 7, 2017","format":false,"excerpt":"\r News that the market is cooling may not please homeowners looking to sell, but we were heading towards dangerous watersEncouraging news from the housing market: cooler winds are blowing. The rate of growth in prices fell in February to the lowest for three-and-a-half years, according to the Halifax\u2019s index.\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\/124497"}],"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=124497"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124497\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}