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House Price Growth Continues To Rise


Today, Halifax released their latest House Price Index data which showed that once again, house prices continue to increase, but the rate of annual growth has slowed.

Please see my comments below:

“It’s beyond reason that annual house price growth is still comfortably in double digits and that prices rose in August. But with more rate rises on the cards and the cost of living crisis set to crescendo, the property market will soon come back down to earth.”

“Higher mortgage rates and the immense pressure on household finances will almost certainly start to temper demand in the months ahead. Even then, the abject lack of good quality, affordable housing will support prices even as we go through an unprecedented cost of living crisis.”

“There’s life in London yet and the capital may see further house price growth if the remote working trend goes into reverse as people focus on retaining their jobs during the dark economic days ahead. House prices in the capital, as the engine room of the UK economy, could bizarrely benefit from a recession, as the regions go into reverse.”




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Andrew Montlake

Written by Andrew Montlake

Andrew Montlake, better known as Monty, began his journey with an Hons degree in Economics & Politics before starting in the mortgage industry in February 1994. As a main founder of Coreco in 2009, he successfully grew the brand, marketing, and communications, and was made MD in 2019 focussing on the overall vision, strategy, and culture of the company. As Coreco’s media spokesperson, Andrew can often be seen or heard on TV and radio as well as regularly commenting in the national, local, and trade press. He is the author of this acclaimed Mortgage Blog and is well-known for his social media, podcasts, and public speaking. Andrew is now proud to serve as Chairman of the Association of Mortgage Intermediaries, (AMI) as a cheerleader for the Mortgage Industry as a whole and continues to work at the coal face, writing mortgage business and advising clients.

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