{"id":135018,"date":"2023-03-01T19:49:16","date_gmt":"2023-03-01T12:49:16","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-rising-interest-rates-have-sent-the-uk-housing-market-into-reverse\/"},"modified":"2023-03-01T20:10:08","modified_gmt":"2023-03-01T13:10:08","slug":"how-rising-interest-rates-have-sent-the-uk-housing-market-into-reverse","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-rising-interest-rates-have-sent-the-uk-housing-market-into-reverse\/","title":{"rendered":"How rising interest rates have sent the UK housing market into reverse"},"content":{"rendered":"


\nAn end to ultra-low rates mean borrowers can only afford smaller mortgagesBank taking \u2018wait and see\u2019 stance to more rate risesUK house prices fall at fastest annual rate since 2012Since the turn of the year the news on the economy has been less bad than expected. Growth has been a bit stronger, spending in the shops a touch higher, business and consumer confidence have both picked up.There has, however, big one big exception to this trend \u2013 the state of the housing market. The Nationwide building society reported on Wednesday that prices were down for a sixth month in a row in February, leading to a 1.1% annual drop in property values. Continue reading…
\n
\nSource : theguardian.com
\nRead more…How rising interest rates have sent the UK housing market into reverse<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

An end to ultra-low rates mean borrowers can only afford smaller mortgagesBank taking \u2018wait and...<\/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-135018","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-z7I","jetpack-related-posts":[{"id":138394,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-housing-market-forecast-to-avoid-slump-despite-zero-growth-in-prices\/","url_meta":{"origin":135018,"position":0},"title":"UK housing market forecast to avoid slump despite zero growth in prices","date":"July 20, 2023","format":false,"excerpt":"\r Rents jump by record 5.1% in a month as rental market struggles to meet demand from priced-out buyersBritain\u2019s housing market is expected to avoid a slump triggered by rising interest rates, despite a drop in house price inflation to zero in May, according to analysts.The Office for National Statistics\u2026","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":135018,"position":1},"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":[]},{"id":138238,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-fall-at-fastest-annual-rate-since-2011-says-halifax\/","url_meta":{"origin":135018,"position":2},"title":"UK house prices fall at fastest annual rate since 2011, says Halifax","date":"July 7, 2023","format":false,"excerpt":"\r Average price of property drops by 2.6% year on year in June as mortgage rates climbBusiness live \u2013 latest updatesUK house prices experienced their biggest annual fall in 12 years, according to Halifax, the latest sign that soaring interest rates on mortgages is bringing a halt to the housing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-housing-market-facing-strengthening-headwinds-as-prices-fall-again-business-live\/","url_meta":{"origin":135018,"position":3},"title":"UK housing market \u2018facing strengthening headwinds\u2019 as prices fall again \u2013 business live","date":"June 1, 2023","format":false,"excerpt":"\r Rolling coverage of the latest economic and financial news, as Nationwide reports that UK annual house price growth fell to -3.4%, from -2.7% in AprilWith the Bank of England expected to keep raising interest rates, the housing market will come under more pressure, Nationwide warns.The financial markets currently predict\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137313,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-pulls-some-uk-mortgage-deals-as-fears-of-rising-rates-hits-home-buyers-once-more\/","url_meta":{"origin":135018,"position":4},"title":"HSBC pulls some UK mortgage deals as fears of rising rates hits home buyers once more","date":"June 9, 2023","format":false,"excerpt":"\r Analysts expect mortgage rates to soar and housing prices to plummet in the U.K., as the effect of higher interest rates ripples through the British housing market.\r \r Source : cnbc.com\r Read more...HSBC pulls some UK mortgage deals as fears of rising rates hits home buyers once more","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139870,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-at-slowest-post-summer-rate-since-2008-crash\/","url_meta":{"origin":135018,"position":5},"title":"UK house prices rise at slowest post-summer rate since 2008 crash","date":"October 16, 2023","format":false,"excerpt":"\r Rightmove says 0.5% rise is smallest for time of year since financial crisis 15 years ago as higher interest rates hit homeUK house prices are rising at the slowest rate for this time of year since the 2008 financial crash, according to new data that highlights the impact on\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\/135018"}],"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=135018"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/135018\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=135018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=135018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=135018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}