UK House Prices Are Falling — Because Mortgage Costs Just Took Control
What’s Really Driving This Shift Outcome: UK house prices fell 0.5% in March, with the average dropping to £299,677. Mechanism: Rising inflation expectations pushed mortgage rates higher, disrupting buyer confidence. Implication: The housing market is no longer driven by demand — it is being dictated by borrowing cost volatility. This isn’t a housing slowdown. It’s…
