UK house prices: Will rising interest rates cause a property market crash?

House prices jumped 9.9 per cent in the year to March 2022. With interest rates increasing, is a crash on the way?

Interest rates are on the rise with further increases expected over the coming months

The Bank of England seeks to contain inflation – which is on course to pass 10 per cent this year.

10 per cent price inflation has been allowed to persist for long periods.

The latest official figures released on Wednesday show that property prices in England jumped 9.9 per cent in the year to March,

Ultra-low interest rates have made mortgage borrowing cheaper,

Inflating a housing bubble that has made home ownership a distant dream for many renters in some parts of the UK.

Higher interest rates help to cool down the country’s out-of-control property market?

Official figures show that prices rose in every region of the UK in the past year.

February and March 2022, prices dipped 0.9 per cent in London and 0.8 per cent in the east of England.

April’s price increase was slightly slower than the 1.4 per cent recorded in March,