{"id":133447,"date":"2022-12-26T13:00:24","date_gmt":"2022-12-26T06:00:24","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/experts-predict-housing-market-will-cool-in-2023-as-uk-enters-a-recession\/"},"modified":"2022-12-26T13:22:24","modified_gmt":"2022-12-26T06:22:24","slug":"experts-predict-housing-market-will-cool-in-2023-as-uk-enters-a-recession","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/experts-predict-housing-market-will-cool-in-2023-as-uk-enters-a-recession\/","title":{"rendered":"Experts predict housing market will cool in 2023 as UK enters a recession"},"content":{"rendered":"


\nThe slowdown is expected to intensify with price declines between 5% and 12%The housing market will cool sharply next year after a bumpy 2022, industry experts are predicting, as the UK contends with recession and higher mortgage rates.As the cost of living crisis has intensified amid soaring inflation and as interest rates have increased, house prices have already started falling month-on-month. The average house price dropped 2.3% in November from October \u2013 the most since the start of the financial crash in 2008 \u2013 according to Halifax. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Experts predict housing market will cool in 2023 as UK enters a recession<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The slowdown is expected to intensify with price declines between 5% and 12%The housing market...<\/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-133447","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-yIn","jetpack-related-posts":[{"id":116325,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-property-market-could-fall-13-housing-experts-predict\/","url_meta":{"origin":133447,"position":0},"title":"UK property market could fall 13%, housing experts predict","date":"May 13, 2020","format":false,"excerpt":"\r Wide range of forecasts as market cautiously reopens after coronavirus shutdownCoronavirus \u2013 latest updatesSee all our coronavirus coverageEconomists and housing experts are forecasting UK-wide price falls of up to 13%, with \u201cbrutal\u201d declines in some areas, as the property market struggles to rebuild during the coronavirus crisis.The range of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137491,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/markets-predict-6-uk-interest-rate-by-end-of-year\/","url_meta":{"origin":133447,"position":1},"title":"Markets predict 6% UK interest rate by end of year","date":"June 23, 2023","format":false,"excerpt":"\r Rates will remain at level until summer 2024 after Bank of England hikes benchmark rate by half a percentage pointThe financial markets are predicting UK interest rates will hit 6% by the end of the 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