{"id":137436,"date":"2023-06-19T14:01:02","date_gmt":"2023-06-19T07:01:02","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-summer-slowdown-comes-early-as-rising-mortgage-rates-hit-market-business-live\/"},"modified":"2023-06-19T14:10:23","modified_gmt":"2023-06-19T07:10:23","slug":"housing-summer-slowdown-comes-early-as-rising-mortgage-rates-hit-market-business-live","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-summer-slowdown-comes-early-as-rising-mortgage-rates-hit-market-business-live\/","title":{"rendered":"Housing summer slowdown comes early as rising mortgage rates hit market \u2013 business live"},"content":{"rendered":"


\nRolling coverage of the latest economic and financial markets, as asking prices for British homes fall in June for the first time in six yearsRightmove\u2019s survey covers asking prices, not the actual amount which buyers agree to pay for a home.Jeremy Leaf, north London estate agent, reports that sale prices are \u2018softening\u2019, saying:\u2018As expected, recent mortgage market turbulence is dampening the increase in prices and activity which we would usually see at this time of year.\u2018However, these are, of course, only aspirational not achieved values. On the street, prices are softening as cash and equity-rich buyers in particular continue to hold sway over those relying on increasingly hard-to-obtain loans.\u201cRecent rate volatility hasn\u2019t yet had a material impact on housing market activity because, if anything, those holding mortgage offers are keen to move sooner rather than later. That said, sentiment has taken a hit in recent weeks, which will keep a lid on trading volumes later this year.Ironically, strong wage inflation rather than the mini-Budget is now the main brake on the housing market although the outlook will only become clearer this week. Those buying, selling or re-mortgaging will hope the Bank of England isn\u2019t faced with a second ugly underlying inflation reading on Wednesday.\u201d Continue reading…
\n
\nSource : theguardian.com
\nRead more…Housing summer slowdown comes early as rising mortgage rates hit market \u2013 business live<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rolling coverage of the latest economic and financial markets, as asking prices for British homes...<\/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-137436","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-zKI","jetpack-related-posts":[{"id":157065,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-prices-flat-in-june-amid-signs-uk-job-market-may-be-softening\/","url_meta":{"origin":137436,"position":0},"title":"Property prices flat in June amid signs UK job market may be \u2018softening\u2019","date":"July 7, 2025","format":false,"excerpt":"\r Expected interest rate cuts could support growth after drop in first-time buyers since end of stamp duty cutThe housing market was flat in June as signs emerge that the UK jobs market may be \u201csoftening\u201d, one of Britain\u2019s biggest mortgage lenders has said.The average price for a house in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137202,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-property-unaffected-as-uk-mortgage-lender-nationwide-warns-of-further-headwinds-and-house-prices-resume-decline\/","url_meta":{"origin":137436,"position":1},"title":"London property unaffected as UK mortgage lender Nationwide warns of further headwinds and house prices resume decline","date":"June 1, 2023","format":false,"excerpt":"\r May saw a lot of activity in Central London with international buyers, in particular high-net-worth buyers from the Middle East, take advantage of the recent softening in the market, a luxury property agent says.\r \r Source : South China Morning Post\r Read more...London property unaffected as UK mortgage lender\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131868,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-post-biggest-fall-since-2020-after-mini-budget-chaos-business-live\/","url_meta":{"origin":137436,"position":2},"title":"UK house prices post biggest fall since 2020 after mini-budget chaos \u2013 business live","date":"December 1, 2022","format":false,"excerpt":"\r Average UK house prices fell 1.4% in November, as \u201cthe fallout from the mini-budget continued to impact the market,\u201d says NationwidePotential buyers are now haggling house price down, reports north London estate agent Jeremy Leaf. \u2018Prices are softening but could have fallen further were it not for those two\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-slide-for-a-second-month-as-high-values-stifle-demand\/","url_meta":{"origin":137436,"position":3},"title":"UK house prices slide for a second month as high values stifle demand","date":"September 7, 2016","format":false,"excerpt":"\r UK house-prices fell for a second month in August, as high prices curbed demand and sales activity softened, Halifax said.Prices slipped 0.2 per cent, after dropping 1.1 per cent in July, the mortgage lender said on Wednesday. In the three months through August, values grew 0.7 per cent, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58054,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-rates-may-crimp-hong-kongs-second-half-home-prices-by-5-per-cent-analysts-say\/","url_meta":{"origin":137436,"position":4},"title":"Rising rates may crimp Hong Kong\u2019s second-half home prices by 5 per cent, analysts say","date":"June 16, 2017","format":false,"excerpt":"\r Hong Kong\u2019s soaring home prices will likely take a breather in the second half of this year, as buyers turn cautious in anticipation of an increase in mortgage rates, while an unusually large supply of new apartments floods the market, analysts said. The city\u2019s primary and secondary residential property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10592,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emirati-buyers-targeted-in-al-forsan-rent-to-buy-scheme-in-abu-dhabi\/","url_meta":{"origin":137436,"position":5},"title":"Emirati buyers targeted in Al Forsan rent-to-buy scheme in Abu Dhabi","date":"April 13, 2016","format":false,"excerpt":"\r \r Al Forsan, the Abu Dhabi-based sports resort and housing complex, has come up with a \"rent-to-buy\" offer targeting Emirati buyers.At Cityscape Abu Dhabi, the government-owned developer said that it was offering rent-to-buy as an option for 50 of the 385 villas and town houses it has completed in\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\/137436"}],"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=137436"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/137436\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=137436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=137436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=137436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}