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20th Dec 2022 15:06U.K., Daily Monitor
- The official house price data rose by 0.3% month-to-month in October, despite the jump in mortgage rates.
- But mortgage rates will stay high in 2023, and real disposable incomes will fall; house prices will drop...
- ...We expect a peak-to-trough fall of 8%, though we are more optimistic on the longer-term outlook.
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Keywords for: 21 Dec 2022 UK Monitor
house price, house prices, mortgage, mortgage rates, real disposable incomes, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence