Pantheon Macroeconomics

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8th Jun 2023 15:52U.K., Daily Monitor

  • May’s RICS survey points to stabilising house prices and reviving demand, but it is already out of date.
  • Mortgage rates now are set to rise by about 75bp from May's levels, inflicting another big blow to affordability.
  • We judge that demand won’t recover to match supply— which is picking up—until prices have fallen a further 4%.

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Keywords for: 9 June 2023 UK Monitor

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