October’s RICS housing survey suggests that high mortgage rates continued to weigh on house prices and supported rental demand. By increasing the chances that mortgage rates remain high for longer, the rebound in swap rates in recent days could mean the further fall in house prices and the increase in the upward pressure on rents in the coming months is bigger than we expect.
In a special 20-minute online briefing announcing the launch of our new UK Consumer Insights service, at 3pm GMT today we’ll discuss if households will buckle under the pressure and which consumer sectors will be the winners and losers. (Register here.)
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