{"id":137200,"date":"2023-06-01T13:30:26","date_gmt":"2023-06-01T06:30:26","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-housing-market-facing-strengthening-headwinds-as-prices-fall-again-business-live\/"},"modified":"2023-06-01T13:41:51","modified_gmt":"2023-06-01T06:41:51","slug":"uk-housing-market-facing-strengthening-headwinds-as-prices-fall-again-business-live","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-housing-market-facing-strengthening-headwinds-as-prices-fall-again-business-live\/","title":{"rendered":"UK housing market \u2018facing strengthening headwinds\u2019 as prices fall again \u2013 business live"},"content":{"rendered":"


\nRolling 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 Bank Rate could be near 5.5% by the end of this year, up from 4.5% today, due to the UK\u2019s persistently high inflation.\u201cHeadwinds to the housing market look set to strengthen in the near term.While consumer price inflation did slow in April, it was a much smaller decline than most analysts had expected. As a result, investors\u2019 expectations for the future path of Bank Rate increased noticeably in late May, suggesting it could peak at c5.5%, well above the c4.5% peak that was priced in around late March. Furthermore, rates are also projected to remain higher for longer.\u201cIf maintained, this is likely to exert renewed upward pressure on mortgage rates, which had been trending down after spiking in the wake of the mini-Budget in September last year. Continue reading…
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\nSource : theguardian.com
\nRead more…UK housing market \u2018facing strengthening headwinds\u2019 as prices fall again \u2013 business live<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rolling coverage of the latest economic and financial news, as Nationwide reports that UK annual...<\/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-137200","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-zGU","jetpack-related-posts":[{"id":137204,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-fall-amid-strengthening-headwinds\/","url_meta":{"origin":137200,"position":0},"title":"UK house prices fall amid \u2018strengthening headwinds\u2019","date":"June 1, 2023","format":false,"excerpt":"\r Nationwide reports dip of 0.1% in May as it predicts high interest rates will continue for longerUK house prices fell in May, as Nationwide building society warned that \u201cheadwinds\u201d for the housing market were likely to increase in the coming months because persistently high inflation has fuelled expectations of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134346,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-price-growth-slows-to-lowest-rate-since-mid-2020-all-eyes-on-fed-decision-business-live\/","url_meta":{"origin":137200,"position":1},"title":"UK house price growth slows to lowest rate since mid-2020; all eyes on Fed decision \u2013 business live","date":"February 1, 2023","format":false,"excerpt":"\r UK annual house price growth slows to 1.1%; US Federal Reserve expected to raise rates by 25bps to 4.75% but markets wonder whether it will then pauseGood morning, and welcome to our rolling coverage of business, the world economy and the financial markets.The year has begun with further slowing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56602,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-fall-for-third-month-in-a-row-for-first-time-in-eight-years\/","url_meta":{"origin":137200,"position":2},"title":"UK house prices fall for third month in a row for first time in eight years","date":"June 1, 2017","format":false,"excerpt":"\r Nationwide says average cost of home fell 0.2% last month with house price growth slowing further in 2017 as inflation squeezes household incomeHouse prices in Britain have fallen for the third month in a row, for the first time since the height of the financial crisis in 2009.The fall\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42539,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-price-growth-has-hit-14-month-low-says-nationwide\/","url_meta":{"origin":137200,"position":3},"title":"UK house price growth has hit 14-month low, says Nationwide","date":"February 1, 2017","format":false,"excerpt":"\r Building society says there are early signs housing market will soften in 2017 as inflation squeezes householdsUK house prices grew at the weakest annual rate in more than a year in January, in an early sign of the property market slowdown predicted for 2017. Annual growth edged down from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110365,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/brexit-jitters-grind-uk-housing-market-to-a-halt-in-august\/","url_meta":{"origin":137200,"position":4},"title":"Brexit jitters grind UK housing market to a halt in August","date":"August 31, 2019","format":false,"excerpt":"\r Average house price dips to \u00a3216,096, says Nationwide, as buyer activity stallsBrexit uncertainty is still weighing heavily on the UK housing market, which ground to a halt in August, and it could take a heavier toll in the coming months, analysts say.Nationwide building society reported that house prices were\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123550,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-price-rises-accelerate-in-november-but-outlook-remains-uncertain-business-live\/","url_meta":{"origin":137200,"position":5},"title":"UK house price rises accelerate in November, but outlook remains uncertain \u2013 business live","date":"December 1, 2021","format":false,"excerpt":"\r Rolling coverage of the latest economic and financial newsUK house prices rose 0.9% in November, says NationwidePrices 10% higher than a year agoBut Omicron variant and inflation mean outlook is uncertainMartin Beck, senior economic advisor to the EY ITEM Club, predicts house price growth will slow next year --\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\/137200"}],"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=137200"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/137200\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=137200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=137200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=137200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}