Summary

Mortgage interest rates started to increase during 2022, this is likely to make borrowing more expensive for those with fixed rates deals coming to an end in 2023. Those with variable rate mortgages and private renters are also facing higher housing costs.

Publications

• How increases in housing costs impact households

  Mortgage interest rates started to increase during 2022, this is likely to make borrowing more expensive for those with fixed rates deals coming to an end in 2023. Those with variable rate mortgages and private renters are also facing higher housing costs.

Data

• Median expenditure on rent and mortgages by renters and mortgage holders, FYE 2021

  Total expenditure on rent for renters and on mortgages for mortgage holders, FYE 2021

Contact details

Changes to this release date

1. Previous date

   15 December 2022 9:30am

   Reason for change

   This release has been postponed to meet the needs of an external stakeholder, we apologise for any inconvenience caused.