UK house price growth will remain subdued next year at between 1% and 3%, according to Halifax, with the market held back by young buyers struggling to afford deposits. Despite talk of a “Boris bounce” after the election result, most major property institutions are forecasting that price rises in 2020 will be limited. In the event, house prices on its index rose by 2.1% over the year to November 2019. Modest price growth was supported by falling mortgage rates and a low volume of houses for sale, factors which can in part be attributed to elevated uncertainty. As the sector continues to struggle with a lack of supply, the Rics survey data suggests rents will rise by 2.5%,” Rics said.

Source: The Guardian December 19, 2019 13:52 UTC