House price rises to slow

30th December 2016

Halifax has forecast that house prices will edge higher still in the new year but the rate of growth will slow as household spending is squeezed. By the end of 2017, the bank expects annual house price growth across the UK to be running between 1 and 4%, compared to the annual rise of 10% seen in March this year A separate survey of 48 leading economists by the Times also predicts London house prices will flatline or contract in 2017 as slowing growth and higher inflation eat into household incomes. Outside the capital, prices are expected to continue to climb, albeit at a slower rate. The average price rise forecast comes in at over 3%.

The Independent (28/12/2016)   The Times (28/12/2016)