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13th Oct 2022 15:11U.K., Daily Monitor

  • The latest data for September suggest the surge in mortgage rates is hitting housing market activity hard.
  • A lack of supply and the likelihood of Bank Rate peaking at 4% should limit the drop in prices...
  • ...But with mortgage rates rising further than we expected, we now look for a 8% fall in prices over the next year.

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Keywords for: 14 Oct 2022 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence