{"id":130591,"date":"2022-10-07T13:28:39","date_gmt":"2022-10-07T06:28:39","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-mortgage-costs-to-push-down-house-prices-halifax-warns-business-live\/"},"modified":"2022-10-07T13:39:42","modified_gmt":"2022-10-07T06:39:42","slug":"rising-mortgage-costs-to-push-down-house-prices-halifax-warns-business-live","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-mortgage-costs-to-push-down-house-prices-halifax-warns-business-live\/","title":{"rendered":"Rising mortgage costs to push down house prices, Halifax warns \u2013 business live"},"content":{"rendered":"


\nHouse prices fell 0.1% in September, and lender warns that rising interest rates, cost of living squeeze and worsening affordability will create more downward pressureGood morning, and welcome to our rolling coverage of business, the world economy and the financial markets.The UK housing market is slowing, and the crisis caused by the government\u2019s mini-budget will make it worse.While stamp duty cuts, the short supply of homes for sale and a strong labour market all support house prices, the prospect of interest rates continuing to rise sharply amid the cost of living squeeze, plus the impact in recent weeks of higher mortgage borrowing costs on affordability, are likely to exert more significant downward pressure on house prices in the months ahead.It\u2019s important to look at slower growth in this context \u2013 since the start of the pandemic average property values have risen by around +23% (almost \u00a355,000) with detached house prices up by more than \u00a3100,000 over the same period.\u201d Continue reading…
\n
\nSource : theguardian.com
\nRead more…Rising mortgage costs to push down house prices, Halifax warns \u2013 business live<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

House prices fell 0.1% in September, and lender warns that rising interest rates, cost of...<\/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-130591","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-xYj","jetpack-related-posts":[{"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":130591,"position":0},"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":91368,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-will-feel-the-squeeze-as-mortgage-rates-gain-momentum\/","url_meta":{"origin":130591,"position":1},"title":"Hongkongers will feel the squeeze as mortgage rates gain momentum","date":"June 14, 2018","format":false,"excerpt":"\r The monthly mortgage repayment of homeowners in Hong Kong is expected to rise to 70 per cent of their monthly income by the end of this year \u2013 the highest level in nearly two decades \u2013 as mortgage rates kick upwards and home prices show no signs of abating,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":145578,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-still-unaffordable-for-many-people-says-nationwide\/","url_meta":{"origin":130591,"position":2},"title":"UK house prices still unaffordable for many people, says Nationwide","date":"July 1, 2024","format":false,"excerpt":"\r High mortgage interest rates and soaring bills hitting affordability despite wages rising above inflationBusiness live \u2013 latest updatesHouse prices in the UK remain unaffordable for many households despite wages rising above inflation for the typical earner, Nationwide has said.Britain\u2019s largest building society said house prices rose slightly in June\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100368,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-rates-home-prices-putting-pressure-on-housing-affordability\/","url_meta":{"origin":130591,"position":3},"title":"Rising rates, home prices putting pressure on housing affordability","date":"October 22, 2018","format":false,"excerpt":"\r CNBC's Diana Olick reports on the combination of rising mortgage rates and home prices slamming affordability.\r \r Source : cnbc.com\r Read more...Rising rates, home prices putting pressure on housing affordability","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101260,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/weekly-mortgage-applications-drop-3-2-hit-by-tanking-stocks-and-rising-rates\/","url_meta":{"origin":130591,"position":4},"title":"Weekly mortgage applications drop 3.2%, hit by tanking stocks and rising rates","date":"November 14, 2018","format":false,"excerpt":"\r While tight supply of homes for sale had been plaguing buyers for much of this year, listings are increasing, but so are prices and interest rates, weakening affordability.\r \r Source : cnbc.com\r Read more...Weekly mortgage applications drop 3.2%, hit by tanking stocks and rising rates","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140877,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/number-of-uk-first-time-buyers-in-2023-was-lowest-in-a-decade\/","url_meta":{"origin":130591,"position":5},"title":"Number of UK first-time buyers in 2023 was lowest in a decade","date":"January 2, 2024","format":false,"excerpt":"\r Figure estimated to be down by a fifth, as rising interest rates and high house prices had impactWhat will happen to house prices and mortgages in 2024?Top 10 hotspots in Great Britain experts say are in demandThe number of first-time buyers who bought a home with a mortgage fell\u2026","rel":"","context":"In "Property 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