UK house prices to rise by up to 3 per cent next year
British house prices are set to grow by up to 3 per cent next year as property remains in short supply across much of the country and new home building has been weak, mortgage lender Halifax predicted on Wednesday. “The uneven availability of
British house prices are set to grow by up to 3 per cent next year as property remains in short supply across much of the country and new home building has been weak, mortgage lender Halifax predicted on Wednesday.
“The uneven availability of properties for sale across the country, relative to demand … continues to underpin prices,” Amanda Bryden, head of Halifax mortgages, said.
“Higher mortgage rates compared to a few years ago may have made some homeowners hesitant to sell, to avoid triggering an immediate increase in their monthly mortgage cost when they move,” she added.
British Prime Minister Keir Starmer last week announced details of an overhaul of the planning system to speed up the construction of new homes and boost economic growth.
Rival mortgage lender Nationwide on Monday said it expected house prices to rise between 2 per cent to 4 per cent in 2025.
Related
Share this page
Guest Posts by Easy Branches
