{"id":130030,"date":"2022-09-28T15:32:05","date_gmt":"2022-09-28T08:32:05","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-predicted-to-drop-by-at-least-10-in-2023\/"},"modified":"2022-09-28T15:49:22","modified_gmt":"2022-09-28T08:49:22","slug":"uk-house-prices-predicted-to-drop-by-at-least-10-in-2023","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-predicted-to-drop-by-at-least-10-in-2023\/","title":{"rendered":"UK house prices predicted to drop by at least 10% in 2023"},"content":{"rendered":"


\nAs lenders pull mortgage products amid interest rate turmoil, experts forecast \u2018significant fall\u2019 House prices are likely to fall by at least 10% next year as mortgage providers pull deals and raise interest payments to levels not seen since before the 2008 financial crisis, property experts have predicted.Nearly 300 mortgage deals have been pulled by banks and building societies, after a fall in the pound fuelled forecasts of a jump in the Bank of England base rate to nearly 6%, with those offers remaining on the market entailing huge borrowing costs for potential buyers, reducing how much they can pay for properties. Continue reading…
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\nSource : theguardian.com
\nRead more…UK house prices predicted to drop by at least 10% in 2023<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As lenders pull mortgage products amid interest rate turmoil, experts forecast \u2018significant fall\u2019 House prices...<\/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-130030","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-xPg","jetpack-related-posts":[{"id":129990,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-uk-lenders-temporarily-pull-new-mortgage-deals-amid-volatile-market\/","url_meta":{"origin":130030,"position":0},"title":"Two UK lenders temporarily pull new mortgage deals amid volatile market","date":"September 27, 2022","format":false,"excerpt":"\r Virgin Money and Skipton Building Society withdraw deals for new customers as drop in pound leaves banks unable to price productsUK lenders Virgin Money and Skipton Building Society temporarily withdrew mortgage deals for new customers on Monday, reacting to financial market volatility prompted by the government\u2019s mini-budget.Lenders were struggling\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131450,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-stall-as-mortgage-rate-rise-fuels-caution\/","url_meta":{"origin":130030,"position":1},"title":"UK house prices stall as mortgage rate rise fuels caution","date":"November 10, 2022","format":false,"excerpt":"\r The drop follows two years of growth, although property professionals recorded some regional variationHouse prices stalled last month after more than two years of growth as a sharp rise in mortgage rates fuelled caution among buyers, according to Britain\u2019s official surveyors body.The Royal Institution of Chartered Surveyors (Rics) also\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-prices-in-2016-what-the-experts-predict\/","url_meta":{"origin":130030,"position":2},"title":"House prices in 2016: what the experts predict","date":"December 27, 2015","format":false,"excerpt":"\r An interest rate rise, when it comes, could slow gains in property pricesHouse price rises of up to 8% in some parts of the UK and an increase in the number of homes sold are on the cards in 2016, property experts have forecast. This is down on the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":141319,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-on-track-to-rise-3-in-2024-says-leading-agent\/","url_meta":{"origin":130030,"position":3},"title":"UK house prices on track to rise 3% in 2024, says leading agent","date":"January 15, 2024","format":false,"excerpt":"\r Cheaper mortgages and anticipation of interest rate cuts are predicted to lead to jump in transactionsUK house prices are on track to beat forecasts of a decline in 2024, a leading estate agent has said, as a mortgage pricing war and expectations of Bank of England interest rate cuts\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148746,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-debt-market-sell-off-threatens-to-push-up-mortgage-costs\/","url_meta":{"origin":130030,"position":4},"title":"UK debt market sell-off threatens to push up mortgage costs","date":"January 10, 2025","format":false,"excerpt":"\r About 700,000 homeowners face increase when fixed-rate deals end this yearBusiness live \u2013 latest updatesAbout 700,000 homeowners are facing an increase in mortgage costs when their fixed-rate deals end this year, as a sell-off in the UK government debt market plunges the financial markets into turmoil and threatens to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-market-turmoil-what-does-it-mean-for-your-deal\/","url_meta":{"origin":130030,"position":5},"title":"UK mortgage market turmoil: what does it mean for your deal?","date":"September 27, 2022","format":false,"excerpt":"\r Banks and building societies pull hundreds of deals in anticipation of further interest rate risesNearly 300 UK mortgage deals pulled in a day as pound fallsMortgage deals are being pulled by banks and building societies after the fall in the pound fuelled expectations of an emergency interest rate rise.\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\/130030"}],"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=130030"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/130030\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=130030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=130030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=130030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}