Dossier
homebuyer demand
Coverage of homebuyer demand in the Nexus archive.
- Mortgage rates are rising again, but homebuyers are seeing some advantages
Mortgage rates rose to the highest level since last August, but homebuyer demand increased as buyers see more supply.
- UK house prices fall for third successive month amid Iran war uncertainty
UK house prices fell by 0.1% in May to £298,806, marking the third consecutive monthly decline. The drop is attributed to rising mortgage rates driven by uncertainty from the war in Iran, which has reduced homebuyer demand and affordability.
- UK house prices fall for first time this year amid rising interest rates
UK house prices fell 0.6% in May 2024, marking the first decline this year due to rising interest rates linked to the Iran war. Nationwide reported the average home price dropped to £278,024, while Savills stated the conflict has 'fundamentally changed' the market outlook.