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16th Nov 2023 10:50U.K., Daily Monitor

  • The official house price index in September was only 0.7% below its November 2022 peak...
  • ...but the first estimate usually is revised down by 1%, and Q3’s rise in mortgage rates hasn’t impacted the data yet.
  • The better outlook for mortgage rates, however, hints prices in Q1 will stabilise at 5%, not 6%, below their peak.

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Keywords for: 17 November 2023 UK Monitor

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