How much further could house prices fall? This is the money podcast

This is why it’s money

Updated: 08:03EDT, October 16, 2023

House prices will continue to fall, according to an influential survey of estate agents, but how bad is the situation in the housing market?

The latest survey by the Royal Institution of Chartered Surveyors found that homebuyer demand is declining and fewer homes are coming to the market.

Meanwhile, the latest Halifax house price figures show a drop of £14,000 compared to the recent peak in August 2022 and a fall of 4.7 per cent in the year to the end of September, the biggest since 2009 .

So how much further could house prices fall? Are buyers in danger of trying to time the market? Will there be a big lull before next year’s general election, or will the market rebound as mortgage rates fall?

In this episode of the podcast, Georgie Frost, Simon Lambert and Lee Boyce discuss the future of mortgages, house prices and the property market.

This week the Bank of England also sounded the alarm on 35-year mortgages: should we be worried?

Meanwhile, Skipton Building Society has launched a headline mortgage rate of 3.35 per cent, well below its rivals’ deals. What is the problem and what are other big lenders, including Nationwide, doing with mortgages?

In the final part of the property festival, the team looks at the most promising areas for first-time buyers: Spoiler alert, the list includes Hull, Middlesbrough and Ipswich. Is your area up to par?

DIY investors rushed to buy bonds in September, avoiding the stock market and savings accounts. But if UK government bonds pay just 0.125 per cent, why did they get involved?

Hargreaves Lansdown is launching a simple, basic pension for those who want an easy way to invest for retirement but aren’t quite sure how to get started. They are the first Sipp provider to give details after regulators said they had to offer customers a “default” option in early December. Will it make Sipps attractive enough for the self-employed?

And finally, the inflationary contraction, false savings on loyalty cards and variable prices in supermarkets… we are tired of them all. Are you?

Listen to the podcast This is Money

We publish the podcast every Friday for the player on This is Money, above and in Apple Podcasts (iTunes), the most popular, Spotify, audio boomand many more.

To download the Apple Podcasts app, go to the App Store. On Android devices, go to the Google Play store to download the podcast app of your choice.

You can press play to listen to this week’s full episode in the player above, and wherever you get your podcasts, subscribe and review us if you like the podcast.

We are now available in Youtube and you can ask your smart device to “play the This is Money podcast.”

If you’re not happy with using apps, you can also listen to the latest episode and archive it on the This is Money podcast page.

This is the money podcast

Some links in this article may be affiliate links. If you click on them, we may earn a small commission. That helps us fund This Is Money and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.