Claims extracted
16
sentences that state something as happening or true
Uncertain
19%
3 of 16 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
65/100
Evening Standard's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
3
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
The rate of annual house price growth has slowed to its weakest pace for nearly three years amid borrower caution because of rising mortgage costs, according to an index.
uncertain
rate → slow → index
On a month-on-month basis, prices remained unchanged, against a downwardly-revised fall of 0.3% in September, with the average property across the UK standing at £273,566 in October.
asserted
property → remain → October
Robert Gardner, Nationwide’s chief economist, said it comes as mortgage costs have increased because of expectations of upcoming interest rate rises as policymakers look to cool rising inflation caused by the Iran war.
asserted
policymakers → say → war
He said: “Market activity and house price growth have slowed in recent months, in part reflecting the uncertain economic backdrop.
“This in turn has led to mounting financial market expectations of bank rate increases, which have maintained upward pressure on the market interest rates which underpin mortgage pricing.”
asserted
which → say → pricing
He said the property market was expected to remain under pressure, but should recover once the energy price shock fades.
asserted
shock → say → pressure
He said: “Forward-looking indicators suggest further softness in the near term.
“Surveyors report that new buyer inquiries remain weak.
asserted
inquiries → say → term
“Moreover, consumer sentiment dipped noticeably in October, with households becoming less confident about the outlook for the general economy as well as their own financial situation in the year ahead.
asserted
households → dip → year
“Once the energy shock fades, there are good reasons to believe the market will regain momentum.”
asserted
market → fade → momentum
Read More
They said: “Nationwide-measured house prices holding unchanged in October is a decent result in our view, given the context of high energy prices and expectations of multiple hikes from the Monetary Policy Committee.
asserted
prices → read → Committee
“But September’s data were revised down, and the latest surge in oil and gas prices will take time to feed into activity, so a drop in prices in November is a good bet.”
asserted
drop → revise → November
They said the Government’s new “first home” scheme “will provide a modest boost to the housing market”.
asserted
scheme → say → market
“But the drag from elevated borrowing costs will be prolonged,” they cautioned.
asserted
they → prolong → costs
Figures also out on Friday from HM Revenue & Customs (HMRC) showed residential sales transactions were 4% lower in September than a year earlier, at 94,800.
asserted
transactions → show → 94,800
Ian Futcher, financial planner at Quilter, said: “These figures show a housing market that was losing some momentum even before the measures announced in this week’s Budget.
“
asserted
that → say → Budget
The Government’s new Your First Home scheme could provide valuable support for some first-time buyers by reducing the size of the deposit they need to find.
uncertain
they → provide → deposit
“However, its focus on new-build properties means it will not solve the wider affordability problem, while stimulating demand without a corresponding increase in supply could place upward pressure on prices.”
uncertain
stimulating → mean → prices
The Aporia
