The Autumn budget – what next for the housing market?
The Knight Frank research team unpick the Chancellor's statement and consider the implications for the housing market – including a bold forecast for the UK base rate.
1 minute to read
Liam Bailey, head of global research, sits down with Flora Harley, partner, residential research and Tom Bill, head of UK residential property to discuss the UK Autumn budget announcement.
They take a deep dive into the Autumn budget that was announced yesterday by Chancellor Jeremy Hunt. There were few surprises as taxes were hiked as the chancellor seeks to balance the books.
The team explores what the recent spike in borrowing costs means for the UK housing market in terms of mortgage affordability and the impact on house prices.
They also take a closer look at recent projections from both the Bank of England and Office for Budget Responsibility, following today's announcement.
Have markets been satisfied and will the base rate continue to rise?
With inflation at a 40 year high, much of that being made up or rising energy costs, announcements surrounding the energy price guarantee will also impact how much inflation continues to bite.
All this and more is covered in this week's edition of Intelligence Talks.
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