House prices in the UK are set to increase by between 4%
and 6% in 2016, as increasing affordability problems and the prospects of an
interest rate rise put the brakes on the property market, the country’s biggest
mortgage lender has forecast. Demand for property has increased in recent
months, but the number of homes coming on to the market has remained at a
record low. Surveyors and property websites have reported a shortage of
properties for sale which is driving up prices, and described a vicious circle
as potential sellers wait until there are more homes available before putting
theirs on the market. Read more on the Guardian website.
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