Countrywide is predicting a fall in house prices next year amid concerns about jobs and household income as the economy slows.
The company’s chief economist, Fionnuala Earley, says the economy will be the driver. While finance is expected to remain available, the question is whether demand will continue to be there given the uncertainty about jobs and the outlook for the economy.
Countrywide is forecasting a 2.5% rise in house prices in the UK this year, but a 1% fall next. For London it forecasts a 3.5% rise this year in house prices and a 1.25% fall in 2017. Both London and the UK as a whole will see a 2% rise in prices in 2018.
Click here for the full Times article (£)
Click here for the full FT article (£)
Click here for the full Bloomberg article
Click here for the full Daily Telegraph article
Click here for the full Guardian article
