One of the UK’s leading group of economic experts has
repeated its warning that housing market is not going to see any significant
improvement at all in the second half of the year. The EY ITEM Club, a group of
economists whose reports are routinely considered by ministers and the Bank of
England’s monetary policy committee, says that while housing market activity
has come off its 2018 lows, “it is still relatively limited and finding it hard
to gain traction amid challenging conditions.” The Club says it is unlikely
that “any meaningful upturn” will take place over the next few months and by
the end of 2018 house prices will on average be 2.0 per cent higher than a year
earlier. Read more on Estate Agent Today.
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