{"id":144311,"date":"2024-05-07T06:01:52","date_gmt":"2024-05-06T23:01:52","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savills-says-uk-house-prices-will-rise-this-year-in-u-turn-on-earlier-forecast\/"},"modified":"2024-05-07T06:08:46","modified_gmt":"2024-05-06T23:08:46","slug":"savills-says-uk-house-prices-will-rise-this-year-in-u-turn-on-earlier-forecast","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savills-says-uk-house-prices-will-rise-this-year-in-u-turn-on-earlier-forecast\/","title":{"rendered":"Savills says UK house prices will rise this year in U-turn on earlier forecast"},"content":{"rendered":"


\nLower mortgage rates prompt property firm to change its outlook from 3% drop to a 2.5% increaseA decline in mortgage rates has prompted a forecaster to reverse its predictions of a fall in UK house prices in 2024, instead suggesting the average cost of a property could rise by \u00a361,500 over the next five years.The property company Savills had forecast in November that it expected the average price of a home to fall by 3% this year because recent rises in the Bank of England base rate had heightened the affordability pressures on would-be buyers. Continue reading…
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\nSource : theguardian.com
\nRead more…Savills says UK house prices will rise this year in U-turn on earlier forecast<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lower mortgage rates prompt property firm to change its outlook from 3% drop to 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-144311","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-BxB","jetpack-related-posts":[{"id":1695,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-to-remain-subdued-over-next-five-years-says-savills\/","url_meta":{"origin":144311,"position":0},"title":"UK house prices to remain subdued over next five years, says Savills","date":"November 5, 2015","format":false,"excerpt":"\r Biggest increases are forecast for south-east and east of England, but rest of the country will only see modest price growth House prices in the south-east and east of England will jump by more than a fifth over the next five years, as growth ripples out of London into\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80977,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-rise-of-1-would-cost-average-uk-homeowner-930-a-year\/","url_meta":{"origin":144311,"position":1},"title":"Interest rate rise of 1% would cost average UK homeowner \u00a3930 a year","date":"February 26, 2018","format":false,"excerpt":"\r A Bank of England rate change would add \u00a310bn to UK mortgage bill, Savills saysA 1% rise in interest rates would add around \u00a310bn to the UK\u2019s mortgage bill, according to analysis from estate agent Savills. The increase would equate to adding \u00a3930 a year to the cost of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/here-be-dragons-as-uk-property-sector-enters-uncharted-territory-after-brexit-vote\/","url_meta":{"origin":144311,"position":2},"title":"Here Be Dragons as UK property sector enters uncharted territory after Brexit vote","date":"November 20, 2016","format":false,"excerpt":"\r Confidence in the UK housing market is now at a three-year low, according to the Halifax building society's monthly survey. This is the time of year when property experts scratch their heads and try very hard to forecast what will happen in the next 12 months.But JLL and Savills,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32928,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/end-of-the-property-boom-uk-house-prices-to-flatline-says-forecast\/","url_meta":{"origin":144311,"position":3},"title":"End of the property boom? UK house prices to flatline, says forecast","date":"November 4, 2016","format":false,"excerpt":"\r Uncertainty caused by the EU referendum and weaker consumer sentiment will result in zero growth in 2017, according to SavillsThe British property market\u2019s post-crash boom will come to a halt in 2017 when house prices flatline after five years of increases, according to an industry forecast.Uncertainty caused by the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134965,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/value-of-uk-housing-stock-hit-record-8-7tn-in-2022\/","url_meta":{"origin":144311,"position":4},"title":"Value of UK housing stock hit record \u00a38.7tn in 2022","date":"February 27, 2023","format":false,"excerpt":"\r Annual rise of \u00a3425bn smaller than in previous two years, says Savills as it predicts fall in house prices in 2023The total value of all homes across the UK has reached a record high of \u00a38.7tn but rising mortgage costs are likely to lead to a dip in 2023.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-risks-are-pretty-big-how-long-can-uk-house-prices-defy-gravity\/","url_meta":{"origin":144311,"position":5},"title":"\u2018The risks are pretty big\u2019: how long can UK house prices defy gravity?","date":"May 6, 2022","format":false,"excerpt":"\r Pent-up lockdown demand and stamp duty holidays kept prices high, but rising mortgage rates and living costs may tip balanceIt\u2019s two years since concern last swirled around the health of the housing market. Then, estate agents were tentatively setting up socially distanced viewings after the market was allowed to\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\/144311"}],"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=144311"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/144311\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=144311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=144311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=144311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}