UK House Price Index (Dec, 2017)
2017-12-26
Overall housing supply remains historically tight with restrained expansion of house-building.
Estate agents’ stock of property for sale is tight overall, especially further north with demand exceeding supply.
Historically cheap mortgage rates, with first-time-buyers’ deposits aided by family and lower stamp duty.
Transaction numbers remain robust as life-stage and lifestyle moves still need satisfying.
Rightmove forecasts the price of property coming to market in the typical first-time-buyer sector (properties with two bedrooms or fewer) to increase by 3% and second-stepper sector (properties with three bedrooms and four bedrooms except four bedroom detached) to increase by 2% in 2018.
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