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A full suite of revised UK Housing forecasts

Its widely accepted that the jump in mortgage rates from 1.5% last autumn to 6% means that a significant fall in house prices is now inevitable. In this Update we set out how we came to our forecast that prices will fall by around 12% in nominal terms, and what that means for transactions volumes, mortgage lending, and construction. There is a full table of our revised forecasts at the end of this note.

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