Dec
27

U.K. House Prices May Barely Rise as Brexit Weighs on Economy

By
  • Halifax forecasts increase of 1%-4% by the end of 2017
  • Housing to lose momentum, with London particularly hit

U.K. house prices may only eke out a modest gain next year as economic growth weakens and a pickup in inflation squeezes consumers, according to Halifax.

The mortgage lender sees housing demand easing in 2017, partly as tax changes and stricter underwriting standards restrict buy-to-let investment. It also highlighted the market in London, saying adverse affordability means the capital will see a sharper slowdown than elsewhere. Elsewhere, there are “few signs” of significant stresses and imbalances at present, it said…

U.K. House Prices May Barely Rise as Brexit Weighs on Economy

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.