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
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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
