{"id":140906,"date":"2024-01-04T14:00:24","date_gmt":"2024-01-04T07:00:24","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/britains-housing-market-may-be-past-peak-pain-but-what-will-2024-bring\/"},"modified":"2024-01-04T14:09:11","modified_gmt":"2024-01-04T07:09:11","slug":"britains-housing-market-may-be-past-peak-pain-but-what-will-2024-bring","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/britains-housing-market-may-be-past-peak-pain-but-what-will-2024-bring\/","title":{"rendered":"Britain\u2019s housing market may be \u2018past peak pain\u2019 but what will 2024 bring?"},"content":{"rendered":"


\nSecond year of falling prices expected though recovery is likely in the second half as interest rates come downBritain\u2019s housing market is \u201cpast peak pain\u201d, the upmarket estate agent Savills has said. The big mortgage lenders Halifax and Nationwide building society have recorded monthly house price gains in recent months, which have taken some by surprise. But that does not mean the annual declines in property prices are over.Just over 60% of households (about 16 million) own their homes in England and Wales, but property has been an engine of economic growth since the financial crisis ushered in an era of low interest rates, with the wealth it creates fuelling spending on goods and services. When house prices rise \u2013 or fall \u2013 there is an economic ripple effect. So what will 2024 bring for the all-important housing market, and which geographic areas are likely to attract the most interest from buyers? Continue reading…
\n
\nSource : theguardian.com
\nRead more…Britain\u2019s housing market may be \u2018past peak pain\u2019 but what will 2024 bring?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Second year of falling prices expected though recovery is likely in the second half as...<\/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-140906","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-AEG","jetpack-related-posts":[{"id":140206,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-housing-market-is-past-its-peak-pain-declares-savills\/","url_meta":{"origin":140906,"position":0},"title":"UK housing market is past its \u2018peak pain\u2019, declares Savills","date":"November 8, 2023","format":false,"excerpt":"\r Upmarket estate agent says prices will start to bottom out in 2024 as interest rates fall and will return to growth in 2025 Britain\u2019s housing market is past \u201cpeak pain\u201d and prices look likely to bottom out by next summer, according to the estate agency Savills.The average UK house\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":140906,"position":1},"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":104897,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/australias-record-high-housing-prices-were-driven-by-low-interest-rates-central-bank-study-shows\/","url_meta":{"origin":140906,"position":2},"title":"Australia\u2019s record high housing prices were driven by low interest rates, central bank study shows","date":"March 11, 2019","format":false,"excerpt":"\r The boom in Australian home prices and building over the past decade or so was primarily driven by lower real interest rates, while strong migration tended to lift rents, according to a study paper from the country\u2019s central bank.The research model from Reserve Bank of Australia (RBA) economists Trent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":426,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/further-pain-for-uae-homeowners-with-mortgage-rate-rises-in-store\/","url_meta":{"origin":140906,"position":3},"title":"Further pain for UAE homeowners with mortgage rate rises in store","date":"December 21, 2015","format":false,"excerpt":"\r \r Home financers are set to come under pressure to raise mortgage costs for the first time since the financial crisis as interbank borrowing rates spike.It follows the first rate rise by the US Federal Reserve in almost a decade, and a 17 per cent jump in UAE interbank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139000,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-fall-at-fastest-rate-since-2009-rail-strikes-begin-across-england-business-live\/","url_meta":{"origin":140906,"position":4},"title":"UK house prices fall at fastest rate since 2009; rail strikes begin across England \u2013 business live","date":"September 1, 2023","format":false,"excerpt":"\r Live, rolling coverage of business, economics and financial markets as home prices drop by 5.3% from peak last yearGood morning, and welcome to our live coverage of business, economics, and financial markets.UK house prices fell by 5.3% from their peak in August 2022 to this year, the fastest decline\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20716,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-prices-to-peak-next-year-on-new-supply-lower-migration\/","url_meta":{"origin":140906,"position":5},"title":"House prices to peak next year on new supply, lower migration","date":"July 25, 2016","format":false,"excerpt":"\r New Zealand house prices will rise another 17 per cent before peaking late next year as accelerating building activity takes time to meet the imbalance between a lack of housing stock and growing demand, says economic consultancy...\r \r Source : nzherald.co.nz\/Property\r Read more...House prices to peak next year 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\/140906"}],"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=140906"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/140906\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=140906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=140906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=140906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}