UK house prices - Land Registry reveals own figures

Dariusz Karpowicz, director at Doncaster-based mortgage broker Albion Financial Advice, said that the latest HMLR data, though skewed by the Stamp Duty holiday, has yet to reveal the full impact of the mini budget and the chaos of the past two to three months.

“Property values are almost certainly now heading down,” Karpowicz pointed out. “However, I’m not convinced that house prices will fall by as much as 30% as some are predicting. That would be an apocalyptic event in the property market. Prices will undoubtedly stall, and we could see drops of 10% in some areas, but the lack of supply will act as a glass floor under property values.”