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18th Dec 2023 18:10UKDaily Monitor

  • Timely indicators of house-purchase demand have strengthened, but not by quite enough to raise prices yet.
  • House price indices still paint very different pictures; we expect the official index to be revised down.
  • Demand, however, will recover further in Q1, as mortgage rates continue to fall; expect a 5% rise in prices in 2024. 

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Keywords for: 20 December 2023 UK Monitor

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