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22nd Oct 2023 20:15U.K., Daily Monitor

  • House prices will fall further over the next six months, with affordability remaining a key barrier.
  • Mortgage rates, however, should fall sharply in 2024, if Bank Rate drops by 75bp from Q2, as we expect.
  • So following a 6% peak-to-trough fall, house prices should start to recover from Q2, rising by 5% in 2024.

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Keywords for: 24 October 2023 UK Monitor

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