{"id":134281,"date":"2023-01-28T15:00:13","date_gmt":"2023-01-28T08:00:13","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-uk-house-prices-could-plunge-by-20-after-the-latest-interest-rate-hike\/"},"modified":"2023-01-28T15:19:06","modified_gmt":"2023-01-28T08:19:06","slug":"why-uk-house-prices-could-plunge-by-20-after-the-latest-interest-rate-hike","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-uk-house-prices-could-plunge-by-20-after-the-latest-interest-rate-hike\/","title":{"rendered":"Why UK house prices could plunge by 20% after the latest interest rate hike"},"content":{"rendered":"


\nProperty market has defied gravity for years but analysts say rising mortgage rates will mirror the 1980s price crashBritain\u2019s estate agents normally radiate optimism but they will be watching anxiously at noon next Thursday when the Bank of England is expected to announce the latest blow to a rapidly weakening property market.Crunch time has arrived for a sector that for years has appeared to defy gravity. Threadneedle Street\u2019s monetary policy committee (MPC) is poised to raise official borrowing costs for a 10th meeting in a row, with mortgage approvals already running 30% below their pre-pandemic levels and house prices down by 4.3% from last August\u2019s peak, according to the Halifax bank. Continue reading…
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\nSource : theguardian.com
\nRead more…Why UK house prices could plunge by 20% after the latest interest rate hike<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Property market has defied gravity for years but analysts say rising mortgage rates will mirror...<\/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-134281","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-yVP","jetpack-related-posts":[{"id":126324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-risks-are-pretty-big-how-long-can-uk-house-prices-defy-gravity\/","url_meta":{"origin":134281,"position":0},"title":"\u2018The risks are pretty big\u2019: how long can UK house prices defy gravity?","date":"May 6, 2022","format":false,"excerpt":"\r Pent-up lockdown demand and stamp duty holidays kept prices high, but rising mortgage rates and living costs may tip balanceIt\u2019s two years since concern last swirled around the health of the housing market. Then, estate agents were tentatively setting up socially distanced viewings after the market was allowed to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131813,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-rise-mortgage-costs-see-surge-in-rents-across-the-uk\/","url_meta":{"origin":134281,"position":1},"title":"High-rise mortgage costs see surge in rents across the UK","date":"November 27, 2022","format":false,"excerpt":"\r House prices may be falling as interest rates climb, but there\u2019s no respite for tenants as property shortages biteIt\u2019s a tale of two markets: while private rents have soared to record highs in the UK, making life precarious for tenants, the for-sale sector has slowed sharply and property values\u2026","rel":"","context":"In "Property 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