Homes coming on to the market at record low,as Halifax predicts national increase in house prices by 4% to 6% in 2016House prices in the UK are set to increase by between 4% and 6% in 2016, as increasing affordability problems and the prospects of an interest rate rise achieve the brakes on the property market, and the country’s biggest mortgage lender has forecast.
Demand for property has increased in recent months,but the number of homes coming on to the market has remained at a record low. Surveyors and property websites have reported a shortage of properties for sale which is driving up prices, and described a vicious circle as potential sellers wait until there are more homes available before putting theirs on the market. Related: Lack of affordable homes will exclude 350000 by 2020 Related: The economics of scale: how housing became Britain’s biggest political issue | Andy Beckett Continue reading...
Source: theguardian.com