🔴Chancellor Jeremy Hunt’s U-turn on the mini-Budget has brought relief for homeowners, with early signs that soaring mortgage rates could dip.
❌Yet analysts warned that yesterday's announcement will not be a silver bullet for the housing market
telegraph.co.uk/personal-banki… 🔃Mr Hunt’s reversal of almost all of the mini-Budget’s tax cuts has strengthened the pound, pushed 10-year gilt yields down below 4pc, and stabilised markets’ interest rate expectations – which will reduce the need for further mortgage rate increases

🏡🗣️ The house price haggle is back – here's how to beat it.

Negotiating power is swinging back to buyers as the number of homes on the market rises ⤵️
telegraph.co.uk/property/house… House price discounts are back as sellers concede that the property market has passed its peak.

A chronic shortage of supply in the wake of the pandemic property boom meant that bidding wars became the norm...

📈 A spike in inflation may feel like a distant problem, but homeowners take note: mortgages will become increasingly unaffordable if interest rates rise to 1.5%.

Here's how higher inflation could trigger the end of the house price boom (a #thread 👇) telegraph.co.uk/property/uk/fi… 1️⃣ Hikes would hammer affordability

The Bank of England base rate currently stands at 0.1%.

That means a homeowner spends 38% of the median income to service an 80% mortgage on an average home – in other words, £827 per month, according to @CapEconomics…

💬 "I'm being pushed out of my village."

Three in five young people plan to ditch the countryside, according to @CPRE, which warned the Government's levelling up agenda would come too late for young people in rural areas.

~ a #thread 👇 telegraph.co.uk/property/uk/pu… 😔 Loneliness, bad internet and high house prices are the main reasons why 16 to 25-year-olds are disillusioned with rural life, according to charity @CPRE.

Only one in five felt positive about the future…

❓ Looking to relocate?

If you want somewhere with price growth, what matters is how many people want to buy your home, so we've worked out the UK's most in demand places.

🏙️ In the final part of our series, we look at Britain's cities (a #thread 👇) telegraph.co.uk/property/uk/de… ↖️ The North West

Carlisle saw the biggest increase in sales agreed since the housing market reopened, at 63% 👇

The average house price here is £166,617…

Warning signs are flashing red for the property market as indicators suggest prices could plunge by 6%+.

@MariannaHunt5 reveals 5 things the data is telling us about a slump and how the end of the stamp duty holiday could make things worse (a #thread 👇) telegraph.co.uk/property/buy/f… 1️⃣
Property values are already starting to fall, with the drops accelerating each month, according to conveyancing quote data from @reallymoving 👇

Values could slump even further as those who miss the stamp duty holiday try to negotiate a price cut with their seller…

~ a #thread 👇

The @Telegraph is today launching #StampOutTheDuty – a campaign calling on the Government to extend the stamp duty holiday to prevent chaos from engulfing the property market and derailing Britain's post-Covid recovery telegraph.co.uk/property/uk/pr… 325,000 buyers mired in Covid-related delays will miss out on savings of up to £15,000 if the tax break is scrapped, according to @TwentyCi.

It's feared 100,000+ of them could then pull out of deals, potentially hammering sales volumes, harming the economy and hitting prices…