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Evening Standard
Evening Standard
Business
Jess Denham

House price forecast: interest rate rises to cool UK price growth as mortgaged buyers sit tight

United Kingdom Hamptons London Aneisha Beveridge Housing Market Interest Rates

House price growth is at the mercy of a ‘cocktail of risks’, according to a new forecast by Hamptons

(Picture: Matt Writtle)

Rising interest rates are set to put a dampener on the hot UK housing market after a strong year of nationwide house price growth, a new forecast reveals.

UK house prices are set to rise by five per cent year on year in the last quarter of 2022, with London underperforming against the rest of the country for the seventh consecutive year, at three per cent.

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