{"id":131124,"date":"2022-10-24T14:00:01","date_gmt":"2022-10-24T07:00:01","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-face-peril-because-the-uk-economy-relies-on-house-prices-here-are-three-ways-to-fix-that-fran-boait\/"},"modified":"2022-10-24T14:10:20","modified_gmt":"2022-10-24T07:10:20","slug":"we-face-peril-because-the-uk-economy-relies-on-house-prices-here-are-three-ways-to-fix-that-fran-boait","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-face-peril-because-the-uk-economy-relies-on-house-prices-here-are-three-ways-to-fix-that-fran-boait\/","title":{"rendered":"We face peril because the UK economy relies on house prices. Here are three ways to fix that | Fran Boait"},"content":{"rendered":"


\nDespite promises made after the last crash, too much wealth depends on values bloated by an oversized financial sectorHouse prices are predicted to drop next year due to a mixture of financial instability caused by the misjudged mini-budget and the Bank of England accelerating interest rate hikes. This will be disastrous for many households struggling to afford increased mortgage repayments.At the same time there are many struggling to buy their first home. In 2021, UK house prices grew at their fastest pace in over a decade, despite the economy still recovering from one of the worst contractions in 300 years. This disconnect between the housing market and the rest of the economy only benefits those who use housing as an asset for accumulating wealth.Fran Boait is executive director of campaign group Positive Money Continue reading…
\n
\nSource : theguardian.com
\nRead more…We face peril because the UK economy relies on house prices. Here are three ways to fix that | Fran Boait<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite promises made after the last crash, too much wealth depends on values bloated by...<\/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-131124","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-y6U","jetpack-related-posts":[{"id":112708,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-despite-general-election-uncertainty-business-live\/","url_meta":{"origin":131124,"position":0},"title":"UK house prices rise despite general election uncertainty \u2013 business live","date":"November 28, 2019","format":false,"excerpt":"\r Rolling coverage of the latest economics and financial newsHouse prices up 0.5% in NovemberAnnual house price inflation at 0.8% 7.54am GMT Despite this month\u2019s rise in prices, UK house price inflation is still sharply lower than before the EU referendum.Back in 2016, house prices were rising at around 5%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39193,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-beat-forecasts-but-sharp-slowdown-expected-next-year\/","url_meta":{"origin":131124,"position":1},"title":"UK house prices beat forecasts but sharp slowdown expected next year","date":"December 29, 2016","format":false,"excerpt":"\r British house prices rose faster than expected in December but the pace of growth is likely to slow in 2017 amid uncertainty about economic developments, the mortgage lender Nationwide said on Thursday.Annual gains stood at 4.5 per cent in December, up from 4.4 per cent in November. Economists polled\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111239,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-growth-almost-grinds-to-a-halt-amid-brexit-uncertainty-business-live\/","url_meta":{"origin":131124,"position":2},"title":"UK house prices growth almost 'grinds to a halt' amid Brexit uncertainty \u2013 business live","date":"October 1, 2019","format":false,"excerpt":"\r Rolling coverage of the latest economic and financial news, including the latest UK house price and factory data 8.02am BST London\u2019s housing market is leading the downturn, with prices sliding by 1.7% year-on-year in the last quarter, Nationwide reports.Prices in the \u2018Outer Metropolitan\u2019 region also fell, by 1.5%, reflecting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1171,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-to-crash-as-global-asset-prices-unravel\/","url_meta":{"origin":131124,"position":3},"title":"UK house prices to crash as global asset prices unravel","date":"January 10, 2016","format":false,"excerpt":"\r Asset prices around the world are collapsing as the global economy slows and UK housing will not escape\r \r Source : telegraph.co.uk\r Read more...UK house prices to crash as global asset prices unravel","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1114,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-price-to-crash-as-global-asset-prices-unravel\/","url_meta":{"origin":131124,"position":4},"title":"UK house price to crash as global asset prices unravel","date":"January 10, 2016","format":false,"excerpt":"\r Asset prices around the world are collapsing as the global economy slows and UK housing will not escape\r \r Source : telegraph.co.uk\r Read more...UK house price to crash as global asset prices unravel","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/risks-of-a-uk-housing-crash-rising-by-the-day-as-fixed-rate-mortgage-deals-end\/","url_meta":{"origin":131124,"position":5},"title":"Risks of a UK housing crash rising by the day as fixed-rate mortgage deals end","date":"July 5, 2023","format":false,"excerpt":"\r The tipping point for the economy could come if fixed-rate mortgages rise above 7%All things considered, Britain\u2019s housing market has held up pretty well so far in the face of a relentless rise in borrowing costs that has seen five-year fixed rate mortgages climb above 6%. House prices, 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\/131124"}],"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=131124"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/131124\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=131124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=131124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=131124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}