UK house prices: growth to continue, albeit at lower rate

IG trading the markets

As the UK economy rebounds, there appears nothing in the way of a continuation of the rise in residential property prices, albeit at a lower rate than seen recently. That’s the view of Andrew Wishart, UK property economist at Capital Economics. He says a mix of higher economic growth rates, better employment prospects and the maintenance of the low interest rate environment should support the market for the rest of this year. This, notwithstanding the pressure on government to end the stamp duty holiday at the end of June.

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