- Analytics
- News and Tools
- Market News
- U.K. home prices to drop as much as 5% next year - Halifax
U.K. home prices to drop as much as 5% next year - Halifax
Bloomberg reports that according to mortgage lender Halifax, U.K. home prices could slump as much as 5% next year as unemployment rises and government incentives end.
House prices surged the most since 2016 this year as demand for more space, state support for wages and a temporary reduction in a property transaction tax offset the economic damage from the Covid-19 pandemic. That won’t last, Halifax said Monday.
“The post-summer surge in house prices is unlikely to be sustained,” said Managing Director Russell Galley. Because of “lower levels of demand,” market “activity is likely to slow.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
