{"id":139097,"date":"2023-09-07T13:35:19","date_gmt":"2023-09-07T06:35:19","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-tumble-4-6-in-august-as-high-interest-rates-cool-demand-business-live\/"},"modified":"2023-09-07T13:38:56","modified_gmt":"2023-09-07T06:38:56","slug":"uk-house-prices-tumble-4-6-in-august-as-high-interest-rates-cool-demand-business-live","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-tumble-4-6-in-august-as-high-interest-rates-cool-demand-business-live\/","title":{"rendered":"UK house prices tumble 4.6% in August as high interest rates cool demand \u2013 business live"},"content":{"rendered":"


\nUK house prices are falling at fastest pace since 2009 on annual basis, reports HalifaxBank of England governor expects \u2018quite marked\u2019 fall in UK inflationHouse prices have fallen all UK nations and the nine English regions over the last year, Halifax\u2019s house price index shows.But the North of the country has proverd more resilient than the South.Buyers faced with the need to find larger deposits and fund bigger monthly repayments means the South East is experiencing the biggest drop.London remains the most expensive place in the UK to purchase a home, with an average property price of \u00a3529,814. However with prices down by -4.1% over the last year, it has seen the biggest fall of any region in cash terms (-\u00a322,777).While any drop won\u2019t be welcomed by current homeowners, it\u2019s important to remember that prices remain some \u00a340,000 (+17%) above pre-pandemic levels.It may also come as some relief to those looking to get onto the property ladder. Income growth has remained strong over recent months, which has seen the house price to income ratio for first-time buyers fall from a peak of 5.8 in June last year to now 5.1. This is the most affordable level since June 2020, and will be partially offsetting the impact of higher mortgage costs. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK house prices tumble 4.6% in August as high interest rates cool demand \u2013 business live<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

UK house prices are falling at fastest pace since 2009 on annual basis, reports HalifaxBank...<\/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-139097","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-Abv","jetpack-related-posts":[{"id":84838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-post-biggest-monthly-increase-for-six-months\/","url_meta":{"origin":139097,"position":0},"title":"UK house prices post biggest monthly increase for six months","date":"April 9, 2018","format":false,"excerpt":"\r Halifax house price figures show 1.5% rise in March, but it warns that changes could be volatileHouse prices strengthened in March to post their biggest monthly gain since August, according to Halifax, the UK\u2019s biggest mortgage lender.The average price of a UK home rose 1.5% in March to hit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-suffer-biggest-fall-since-april-says-halifax\/","url_meta":{"origin":139097,"position":1},"title":"UK house prices suffer biggest fall since April, says Halifax","date":"February 5, 2021","format":false,"excerpt":"\r Pandemic buying boom fuelled by stamp duty holiday loses momentumCoronavirus \u2013 latest updatesSee all our coronavirus coverageHouse prices in the UK suffered their biggest fall since April as the pandemic homebuying boom fuelled by the government\u2019s stamp duty holiday loses momentum, according to Britain\u2019s biggest mortgage lender.Halifax said UK\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143054,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-by-1-5-in-biggest-increase-for-10-months\/","url_meta":{"origin":139097,"position":2},"title":"UK house prices rise by 1.5% in biggest increase for 10 months","date":"March 18, 2024","format":false,"excerpt":"\r Data from property website Rightmove finds average asking price has reached almost \u00a3370,000An increase in buyer demand and stronger house sales during March have combined to push the average UK home\u2019s asking price up by a further \u00a35,279 to almost \u00a3370,000, as the market picks up after a \u201cmuted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103751,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-fall-in-january-as-brexit-puts-off-buyers\/","url_meta":{"origin":139097,"position":3},"title":"UK house prices fall in January as Brexit puts off buyers","date":"February 7, 2019","format":false,"excerpt":"\r Biggest monthly drop since April comes while annual growth slows to 0.8% \u2013 HalifaxHouse prices in the UK fell 2.9% in January from December and the annual growth rate slowed sharply as Brexit fears put off buyers, according to Halifax, one of Britain\u2019s biggest mortgage lenders.Halifax said the monthly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97032,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-record-biggest-month-on-month-fall-in-six-years\/","url_meta":{"origin":139097,"position":4},"title":"UK house prices record biggest month-on-month fall in six years","date":"August 31, 2018","format":false,"excerpt":"\r Nationwide says 0.5% monthly dip in August was biggest since July 2012House prices have recorded their biggest month-on-month fall in six years, according to the Nationwide house price index.Values fell by 0.5% month on month in August, marking the biggest decline since July 2012, Nationwide building society said. In\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124016,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-prices-shoot-up-in-uk-towns-as-race-for-space-continues-apace\/","url_meta":{"origin":139097,"position":5},"title":"House prices shoot up in UK towns as \u2018race for space\u2019 continues apace","date":"December 30, 2021","format":false,"excerpt":"\r Taunton, Somerset, records biggest average price hike as homeworking buyers spend lockdown savingsThe \u201crace for space\u201d between homebuyers has pushed up prices in some UK towns by about a fifth this year, with Taunton topping a list of areas with the biggest increases.The average price paid for a property\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\/139097"}],"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=139097"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/139097\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=139097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=139097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=139097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}