5 Fact Friday 10 Nov 2023 Mortgage Arrears jump 7% in Q3 2023

Halifax confirms it expects house prices to continue falling until 2025, despite the one month rise in it’s average house price index

https://www.halifax.co.uk/assets/pdf/october-2023-house-price-index.pdf

RICS survey for October shows buyer demand and sales activity in ‘deeply negative territory’

https://www.rics.org/content/dam/ricsglobal/documents/market-surveys/uk-residential-market-survey/10._WEB_October_2023_RICS_UK_Residential_Market_Survey_tp.pdf

MHWC provides mathematical proof that house prices go down when the ‘average’ price goes up

https://docs.google.com/spreadsheets/d/1tm4EzSBXTifKIRjPAoTUGW7td62SrPKee4jELjUxgzk/edit?usp=sharing

RICS again (see link above) shows demand from London tenants turning negative for the first time in years

Homeowner mortgage serious arrears (more than 2.5%) rose 7% in Q3, to 88,000 with 630 repossessions

https://www.ukfinance.org.uk/data-and-research/data/arrears-and-possessions