Tuesday, 10 July 2018

House Price Rises Will Struggle This Year And Next


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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