![]() ![]() “Therefore, a slowing of annual house price inflation still seems the most likely scenario.” “Looking ahead, house prices are likely to come under more pressure as those market tailwinds fade further and the headwinds of rising interest rates and increased living costs take a firmer hold,” Galley said. These include money saved during lockdown, and flexible and remote working practices allowing people to seek out more rural locations and spacious homes. However, Galley added that some of the factors that had driven rapid growth of the housing market during the pandemic remained. “Leading indicators of the housing market have recently shown a softening of activity, while rising borrowing costs are adding to the squeeze on household budgets.” “While we shouldn’t read too much into any single month, especially as the fall is only fractional, a slowdown in annual house price growth has been expected for some time,” said Russell Galley, the managing director of Halifax. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |