This is Money Podcast How much further could house prices fall?
Oct 13, 2023
57:41
House prices will continue to fall, says an influential poll of estate agents.
The latest survey by the Royal Institution of Chartered Surveyors found that buyer demand is declining and fewer homes are coming to the market.
Meanwhile, Halifax’s latest house price figures show a £14,000 drop compared to the recent peak in August 2022 and 4.7 per cent fall in the year to the end of September, the largest since 2009.
So, how much further could they fall and are buyers in danger of trying to time the market? Will there be a big pause before a general election next year?
Georgie Frost, Simon Lambert and Lee Boyce discuss the age old favourite of house prices.
This week has also seen the Bank of England sound the alarm over 35 year mortgages – should we be concerned?
Skipton Building Society launches a headline mortgage rate of 3.35 per cent. What’s the catch? It comes as its rival Nationwide has new best buy home loan rates. Could mortgage deals continue to fall?
And we look at the top up-and-coming areas for first-time buyers: Does your area make the cut? Spoiler: it features Hull, Middlesbrough and Ipswich.
The latest survey by the Royal Institution of Chartered Surveyors found that buyer demand is declining and fewer homes are coming to the market.
Meanwhile, Halifax’s latest house price figures show a £14,000 drop compared to the recent peak in August 2022 and 4.7 per cent fall in the year to the end of September, the largest since 2009.
So, how much further could they fall and are buyers in danger of trying to time the market? Will there be a big pause before a general election next year?
Georgie Frost, Simon Lambert and Lee Boyce discuss the age old favourite of house prices.
This week has also seen the Bank of England sound the alarm over 35 year mortgages – should we be concerned?
Skipton Building Society launches a headline mortgage rate of 3.35 per cent. What’s the catch? It comes as its rival Nationwide has new best buy home loan rates. Could mortgage deals continue to fall?
And we look at the top up-and-coming areas for first-time buyers: Does your area make the cut? Spoiler: it features Hull, Middlesbrough and Ipswich.
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