Prices will continue to rise, Nationwide forecast. "Providing the economy continues to recover steadily, as we expect, housing market activity is likely to strengthen gradually as affordability constraints ease through a combination of modestly lower interest rates and earnings outp...
House prices increased 0.7 per cent between December and January, the fastest pace since October, data published on Wednesday showed. The figure was much higher than the 0.1 per cent increase forecast by economists polled by Reuters and took the averagehouse priceto £257,656. Jake Stott, fou...
Property consultancy Strutt & Parker launches its quarterly house price forecast, doubling its previous quarter prediction of 5% best-case scenario growth in 2021 for the UK to 10%, with a downside risk of 5% growth.
Economists polled by Reuters had forecast prices would rise by 0.3% on a monthly basis. Compared with October last year prices were 2.4% higher, a weaker annual increase than September's 3.2% rise and below the median forecast for a 2.8% gain in the Reuters poll. Robert Gardner, Nationw...
(Read More:UK u-turn: yet another growth forecast upgrade) "The market is currently benefiting from the 'aggregation of marginal gains' where incremental improvements across a range of key market drivers compound to slowly but surely build momentum," Miles Shipside, Rightmove's director and hous...
UK housebuilders forecast growth after Labour planning reforms Taylor Wimpey and others say government measures will boost sector in spite of economic uncertainty January 16 2025 Citigroup racks up £1bn bill for Canary Wharf tower refit Expected cost of renovations come on top of £1.2bn bank...
In terms of regional house price growth, however, the Nationwide data painted a mixed picture of strength and weakness in the housing market with the North, North East of England and Scotland recording low price growth. Nationwide's Gardner also stressed that house prices were still 5 percent ...
house price break through the [pounds sterling]100,000 mark - the final place in the UK to do so.But while Scottish homeowners watch the value of their houses increase, the forecast was decidedly gloomy elsewhere in Britain Prices fell in the South-West of England, East Anglia and northern...
The areas forecast to see the strongest acceleration in house prices include: North West: 29.4% North East: 28.2% Yorkshire and the Humber: 28.2% West Midlands: 26.4% By contrast, London will see growth of only 17.1% over the same timeframe. Property investment rates in London, in ...
"This is why we're less optimistic about house price growth, which looks set to stay within the +2% to -2% range for the foreseeable future," Mr Donnell added. The Zoopla report also found that UK house prices have risen 0.1% in the last year, which is also the slo...