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Land Registry house prices October 22

ended 14. December 2022

Tomorrow (Wednesday) morning at 09:30, the Land Registry is publishing its October house price index. As this data is based on completed sales, it is unlikely to reflect the turbulence of recent months. Either way, a few generic Qs for you to answer. We will issue your responses to the local and national media tomorrow morning.

  • How different is the property market today compared to the property market in mid-September before the catastrophic mini-Budget? 
  • On Thursday, the Bank of England is expected to raise interest rates by 0.5%. What impact will this have on the property market?
  • What do you expect to happen to house prices in 2023 overall, and why?
  • How is the property market in your local area?

1 responses from the Newspage community

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Editor
Mike Staton
Director at Staton Mortgages
The property market appears to have broke up for Christmas, I can’t remember a December being this quiet, however there is more at play here than an economic crisis, the World Cup and cost of living crisis, along with Christmas have all contributed to an extremely slow december, but I do expect the industry to pick up in the new year. I predict only a small increase of 0.25% from the BOE this month will give confidence back to lenders who will all be hoping to start 2023 with a bang