Drop-In: UK housing outlook – Is this the start of a major downturn?

Against a backdrop of higher mortgage rates and stuttering employment, the prospect of tax rises in the Budget on 26th November has put the UK housing market on ice. Is this the start of a sustained downturn, or just a temporary pause?

Our UK team hosted a special 20-minute online briefing to highlight the key takeaways from our latest UK Housing Market Outlook, including how mortgage rates will provide a smaller boost to house prices over the next two years and how higher taxes in the Budget could influence the UK housing market.