Savills research guru Lucian Cook and I spoke to Winifred Robinson on what we can expect from the housing market in 2023.
2 x monarchs, 3 x Prime Ministers, 4 x Chancellors and God knows how many housing ministers/secretaries. A mini-Budget or ‘fiscal event‘ as it had to be called. Rocketing interest rates, double-digit inflation and house prices at one point up over 15.5% in a year! However, on a selfish level
The official UK House Price Index told of near-16% growth in the 12 months to July 2022, with the latest reading still tickling double figures but prices have now stalled. There have been 14 consecutive questers of positive house price growth. A correction is necessary and inevitable but what a difference a mini-Budget