In an earlier  episode of Merryn Talks Money, reporter Neil Callanan joined the podcast to talk house prices. It’s fair to say his outlook for the UK housing market was not optimistic. It is, he said, entirely possible that prices across the UK will end this cycle down 40% in real terms (adjusted for inflation).

This week, Bloomberg Opinion writer Marcus Ashworth joined Merryn Somerset Webb and John Stepek to make a different case. He contends that the mortgage rates actually paid by buyers are nothing like the ones you see on the panicked pages of Sunday newspapers. Not only that, but UK planning rules have kept supply far too tight, he argues, turning it into a “cash-led” market.

Sign up to John Stepek's daily newsletter Money Distilled.https://www.bloomberg.com/account/newsletters/uk-wealth

And sign up to be in the audience of our live podcast taping at Bloomberg Invest: Strategies For Wealth Creation:bloom.bg/3kTCmbH

In an earlier <a href="bbg://news/stories/RQ7KKYT1UM0X" data-web-url="https://www.bloomberg.com/news/articles/2023-02-17/podcast-the-collapse-of-the-uk-housing-market-may-be-coming" data-cke-saved-href="bbg://news/stories/RQ7KKYT1UM0X"> episode</a> of Merryn Talks Money, reporter Neil Callanan joined the podcast to talk house prices. It’s fair to say his outlook for the UK housing market was not optimistic. It is, he said, entirely possible that prices across the UK will end this cycle down 40% in real terms (adjusted for inflation).
This week, Bloomberg Opinion writer Marcus Ashworth joined Merryn Somerset Webb and John Stepek to make a different case. He contends that the mortgage rates actually paid by buyers are nothing like the ones you see on the panicked pages of Sunday newspapers. Not only that, but UK planning rules have kept supply far too tight, he argues, turning it into a “cash-led” market. Sign up to John Stepek's daily newsletter Money Distilled. <a href="https://www.bloomberg.com/account/newsletters/uk-wealth" data-destination="rte:bind">https://www.bloomberg.com/account/newsletters/uk-wealth</a> And sign up to be in the audience of our live podcast taping at Bloomberg Invest: Strategies For Wealth Creation: <a href="bloom.bg/3kTCmbH">bloom.bg/3kTCmbH</a>

Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.

Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.

Merryn Talks Money

Why UK Mortgage Rates Aren’t as High as You Think

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ea603923-41ec-420e-815d-afc70153f4d2/transcript