UK House Prices Fall as Mortgage Rates Rise and Threaten Autumn Demand
Updated
Updated · The Guardian · Sep 7
UK House Prices Fall as Mortgage Rates Rise and Threaten Autumn Demand
3 articles · Updated · The Guardian · Sep 7
Summary
UK house prices fell last month, adding to signs the housing market is losing momentum.
Rising mortgage rates are expected to cool buyer demand, making further price weakness a likely consequence, according to Knight Frank's Tom Bill.
Any autumn rebound now hinges on whether pre-Budget speculation lifts activity and whether conflict in the Middle East feeds through to UK inflation expectations.
That inflation risk matters because it could keep borrowing costs elevated, extending pressure on the housing market beyond the usual seasonal slowdown.