‘Another clear sign that it will be a challenging year for the housing market’: Industry reactions to the latest BoE mortgage data
Prime property insiders offer their take on new Bank of England data, highlighting a steep drop-off in mortgage lending at the end of last year - featuring Savills, Knight Frank, SPF Private Clients and more.
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Asking prices drop 'in line with the norm' despite financial uncertainty.
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The property market 'has clearly shifted in a negative direction', says the RICS' Chief Economist, with surveyors expecting house prices and transaction volumes to fall in the coming months.
The housing market ‘is slowly transitioning to a buyers’ market’ – Zoopla
Higher mortgage rates are reducing home-buying power by "as much as 28%", warns property portal.
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