{"id":135050,"date":"2023-03-03T18:05:17","date_gmt":"2023-03-03T11:05:17","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/falling-house-prices-may-seem-like-a-good-thing-but-its-renters-who-are-paying-the-price-josh-ryan-collins\/"},"modified":"2023-03-03T18:12:38","modified_gmt":"2023-03-03T11:12:38","slug":"falling-house-prices-may-seem-like-a-good-thing-but-its-renters-who-are-paying-the-price-josh-ryan-collins","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/falling-house-prices-may-seem-like-a-good-thing-but-its-renters-who-are-paying-the-price-josh-ryan-collins\/","title":{"rendered":"Falling house prices may seem like a good thing \u2013 but it's renters who are paying the price | Josh Ryan-Collins"},"content":{"rendered":"


\nWith first-time buyers unable to get a mortgage and landlords hiking up rents, it\u2019s a vicious cycleUK house prices are falling. In the year to February, prices fell by 1.1% to reach their lowest level for over a decade. The drivers are clear: inflation and rising interest rates are combining to put off mortgage borrowers. Approvals are at the lowest rate since 2009.Without hefty government intervention, the current negative trajectory will continue. If inflation remains above wage growth, buyer confidence will remain low. On the other hand, if wages start to accelerate, the Bank of England will almost certainly ramp up interest rates to avoid further inflation, which will also dampen the demand for mortgages. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Falling house prices may seem like a good thing \u2013 but it’s renters who are paying the price | Josh Ryan-Collins<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With first-time buyers unable to get a mortgage and landlords hiking up rents, it\u2019s a...<\/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-135050","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-z8e","jetpack-related-posts":[{"id":139247,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-lenders-including-natwest-cut-rates-after-surprise-inflation-drop\/","url_meta":{"origin":135050,"position":0},"title":"Mortgage lenders including NatWest cut rates after surprise inflation drop","date":"September 21, 2023","format":false,"excerpt":"\r Brokers expect more home loan reductions with offerings at lowest prices for several monthsLeading lenders including NatWest have cut their mortgage rates after an unexpected fall in UK inflation, and brokers are predicting that others will follow suit over the coming days.Banks and financial firms have announced a fresh\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113173,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-inflation-stays-low-despite-rising-cost-of-chocolate-and-holidays\/","url_meta":{"origin":135050,"position":1},"title":"UK inflation stays low despite rising cost of chocolate and holidays","date":"December 18, 2019","format":false,"excerpt":"\r Three-year low of 1.5% comes amid speculation that interest rates will be cut soonUK inflation remained at the lowest level in three years in November despite rising prices for hard-pressed households across a variety of goods, including chocolate, concert tickets and package holidays.The Office for National Statistics said the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95223,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-applications-fall-for-third-week-to-lowest-level-in-a-month\/","url_meta":{"origin":135050,"position":2},"title":"Mortgage applications fall for third week to lowest level in a month","date":"August 2, 2018","format":false,"excerpt":"\r CNBC's Diana Olick reports on mortgage applications falling as interest rates rise and housing prices remain high.\r \r Source : cnbc.com\r Read more...Mortgage applications fall for third week to lowest level in a month","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130477,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/australias-house-prices-fall-interest-rates-soar-but-analysts-say-theres-no-crash-yet\/","url_meta":{"origin":135050,"position":3},"title":"Australia's house prices fall, interest rates soar but analysts say there's no crash yet","date":"September 30, 2022","format":false,"excerpt":"\r Mortgage rates have fallen to below 2% in recent years, but interest rates are rising rapidly in Australia as the central bank looks to tame inflation.\r \r Source : cnbc.com\r Read more...Australia's house prices fall, interest rates soar but analysts say there's no crash yet","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107808,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lowest-mortgage-rates-in-a-year-and-a-half-dont-impress-homebuyers\/","url_meta":{"origin":135050,"position":4},"title":"Lowest mortgage rates in a year and a half don't impress homebuyers","date":"June 5, 2019","format":false,"excerpt":"\r Mortgage rates are falling fast, but not enough to offset high home prices. Gains in mortgage applications last week were driven by refinances.\r \r Source : cnbc.com\r Read more...Lowest mortgage rates in a year and a half don't impress homebuyers","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124431,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-make-strongest-start-to-a-year-since-2005-business-live\/","url_meta":{"origin":135050,"position":5},"title":"UK house prices make strongest start to a year since 2005 \u2013 business live","date":"February 1, 2022","format":false,"excerpt":"\r Rolling coverage of the latest economic and financial newsUK house prices rose 0.8% in JanuaryAnnual inflation hits 11.2% \u2013 strongest start to the year since 2005But market could cool as affordability becomes stretchedBank of England poised to raise interest rates as high inflation takes tollLast night: S&P 500\u2019s worst\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\/135050"}],"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=135050"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/135050\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=135050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=135050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=135050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}