Majority of commercial brokers expect house price rise: UTB

A total of 80 per cent of commercial finance brokers questioned in a sentiment poll have predicted that house prices will rise this year.

The poll carried out by United Trust Bank found that 23 per cent of the 118 brokers who took part expect the average house price to increase by up to 2 per cent, while 58 per cent predict house prices will grow by 2 per cent or more.

The number that believe average house prices will fall was 12 per cent, and 6 per cent expect no change in prices.

United Trust Bank executive director Noel Meredith says: The fact remains that we have a housing shortage and we’re still not building new homes as quickly as we need them. However, this on its own may not be enough to continue to drive house price inflation.

“Initiatives such as Help to Buy are providing considerable support to the market so the government’s commitment to keep it at least until 2020 is welcome. The market as a whole is becoming increasingly price sensitive with values rising and falling depending on the location and type of housing sought. For house builders, therefore it is vitally important to consider the fundamentals of planning a successful development; that they are building the right homes in the right places and can sell them for the right prices.”



News analysis: indices for UK house prices don’t add up

The glut of different indices for UK house prices is creating confusion rather than clarity about the state of the property market, say experts. In recent months, two of the main property indices have given contradictory accounts on house price movements. Halifax’s HPI showed property prices falling in December and January (by 0.8 and 0.5 per […]


London slows UK house price growth: ONS

House price growth cooled to 4.4 per cent in the year to February, down from 4.7 per cent in January, according to the Office for National Statistics. The average UK house price fell 0.1 per cent in February itself. The ONS says the UK average was mainly dragged down by London, where house prices fell 1 […]


Product transfer murkiness hides true market size: AMI

Product transfer murkiness hides the true size of the mortgage market, which could be the biggest since 2007, according to the Association of Mortgage Intermediaries. Lenders do not have to report product transfer figures to the Bank of England or Financial Conduct Authority. As a result, the true total size of the residential mortgage market […]

FCA logo new 2 620x430

FCA warns about growing ‘loan fee’ fraud

  The Financial Services Authority has issued a public warning after consumers lost £3.5m in fraudulent loan applications last year. The regulator says it has seen a big increase in this type of fraud, with the number of people complaints about such scams rising by 44 per cent from 2016 to 2017. These scams  typically […]


News and expert analysis straight to your inbox

Sign up