Pantheon Macroeconomics

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28th Nov 2022 07:25U.K., Daily Monitor

Incoming data are consistent with our forecast for a sharp fall in house purchases and an 8% drop in prices.

The MPC, however, won’t keep Bank Rate at 4% indefinitely; house prices should rebound in the mid-2020s.

Mortgage payments’ share of incomes will not return to 2010s levels; hefty rent rises have raised the floor.

bank rate house prices mortgage rent

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Keywords for: 29 Nov 2022 UK Monitor

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