How much further could property prices fall? This is the Money Podcast

House prices will continue to fall, says an influential survey of real estate agents. But how bad is the real estate market?

The latest survey by the Royal Institution of Chartered Surveyors found that homebuyer demand is falling and fewer homes are coming onto the market.

Meanwhile, Halifax’s latest house price figures show a fall of £14,000 compared to the recent peak in August 2022 and a fall of 4.7 per cent in the year to the end of September, the biggest fall since 2009.

So how much further could property prices fall, and is there a risk for buyers trying to time the market? Will there be a big pause before next year’s general election or will the market recover as mortgage rates fall?

In this podcast episode, Georgie Frost, Simon Lambert and Lee Boyce discuss what’s next when it comes to mortgages, house prices and the property market.

This week the Bank of England also sounded the alarm about 35-year mortgages – should we be worried?

Meanwhile, Skipton Building Society has introduced a mortgage interest rate of 3.35 per cent, well below rivals’ offers. What’s the catch and what are other major lenders, including Nationwide, doing with mortgages?

In the final part of the property feast, the team takes a look at the most up-and-coming areas for first-time buyers: Spoiler alert, the list includes Hull, Middlesbrough and Ipswich. Is your region successful?

DIY investors went on a gold buying spree in September, avoiding the stock market and savings accounts. But why did they get involved when British government bonds only yield 0.125 percent?

Hargreaves Lansdown is launching a simple, no-frills pension for those who want a simple way to invest for retirement but aren’t quite sure how to get started. They are the first Sipp provider to reveal details after regulators said they must offer a “standard” option to customers by early December. Will Sipps make it sexy enough for the self-employed?

And finally shrinkflation, fake loyalty card savings and fluctuating prices in supermarkets… we’re sick of it. Are you?