Halifax survey sounds new warning over health of UK economy with 1 in 5 thinking prices will drop amid rising inflation and looming interest rate hikeConfidence in the UK housing market has slipped to its lowest level in five years, sounding renewed warnings over the health of the economy. Young people under the age of 25 and those living in London are found to be least optimistic. Of the 535 mortgage holders questioned in the survey, only a third said they were anxious about rising interest rates affecting their ability to meet repayments. Across the UK about half of those surveyed thought it would be a good time to buy. Russell Galley of Halifax said: “Housing market optimism has declined significantly over the past year, with almost half of people expecting a general slowdown in the market.”

Source: The Guardian October 27, 2017 10:52 UTC