Why house prices are forecast to keep falling – even if rates are held: LUNCH MONEY

Economy
By Liam

Why house prices are forecast to keep falling even

By This is money

Updated:

House prices are expected to continue to fall even if the Bank of England leaves key interest rates unchanged this week.

We explain why Zoopla’s property experts predict more bad news to come for the housing market and look at what’s happening with mortgage rates in this episode of our new show Lunch Money.

Simon Lambert is joined on today’s show by This is Money’s Lee Boyce and Richard Hunter, head of markets for Interactive Investors.

On the agenda next to real estate prices:

  • Why are fewer borrowers refinancing their mortgages after interest rates soar?
  • Will the Bank of England raise or maintain key interest rates again this week?
  • Are savers about to see the latest savings interest rate of over 6 percent?
  • Do banks use higher rates?
  • Why has BP’s latest update caused its share price to drop?

Produced in partnership with an interactive investor, Lunch Money delivers the personal finance and business news you need to know every Tuesday and Thursday afternoon.

You can also watch Lunch Money on the This is Money YouTube channel.

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