View more on these topics

MS Leaders Forum: House prices to stay flat in 2017, says Countrywide

Countrywide expects house prices to be flat in 2017, but to pick up in 2018, according to chief economist Fionnuala Earley.

Speaking at the Mortgage Strategy Leaders Forum on the economic forecast for the UK, Earley added that the effect of the Brexit process was still uncertain but that it would impact on the economy.

UK-Houses-Home-Mortgage-700x450.jpg

Brexit’s effect on the labour market and inflation levels are critical, Earley said, but that Countrywide did not expect any big hikes in the immediate future.

She says: “There is so much uncertainty about hard Brexit and how it will effect the economy and the jobs market.”

First-time buyers were doing well from regulatory and tax changes effecting landlords, Earley went on.

“First-time buyers have an edge”, she says, and added that this category was finding it easier to buy homes because of landlords selling properties.

First-time homeowners were also benefiting from schemes such as Help to Buy, Earley added.

Recommended

Rising-House-Prices-Property-Ladder-700x450.jpg

House price growth flat in three months to April: Halifax

UK house price rises were 3.8 per cent higher in the three months to April when compared to the same period last year, according to seasonally adjusted figures from Halifax. The price rise was equivalent to annual growth of 3.8 per cent recorded by the Halifax House Price Index in the three months to March. […]

Home-House-Monopoly-Money-Property-700x450.jpg

House price growth lowest since 2013: Nationwide

Annual UK house price growth in April was 2.6 per cent in April, the lowest level for four years, according to Nationwide. Average house prices fell 0.4 per cent month-on-month, and the standard UK property is now worth £207,699. Nationwide chief economist Robert Gardner says: “House prices recorded their second consecutive monthly fall in April, […]

Insurance - thumbnail

The lucky ones

By Denise Wond, Marketing Relationship Manager, Royal London Do you consider yourself lucky? I don’t; I never seem to win a prize in the raffle, if there’s a cancelled train it’s usually the one I’m meant to be on and don’t start me on last year’s holiday. On the other hand, when I think about […]

The savvy consumer

In last year’s FCA thematic review of the mortgage market, one of the key things highlighted was the “savvy consumer”. That’s the client who comes in the door with a very clear idea of what they need and expect you to get them it. They don’t think they need advice, they have after all consulted […]

Newsletter

News and expert analysis straight to your inbox

Sign up