Prices set to rise de­spite fears

Yorkshire Post - Property - - PROPERTY NEWS -

NEW DATA: House prices rose 0.6 per cent in Fe­bru­ary tak­ing the av­er­age an­nual rate of growth to 4.5 per cent, ac­cord­ing to Na­tion­wide. Robert Gard­ner, Na­tion­wide’s chief econ­o­mist, says: “Re­cent data sug­gests that the UK econ­omy has con­tin­ued to per­form rel­a­tively strongly. The out­look is un­cer­tain, but we, along with most other fore­cast­ers, ex­pect the UK econ­omy to slow through 2017 as height­ened un­cer­tainty weighs on busi­ness in­vest­ment. Nev­er­the­less, in our view a small rise in house prices of around two per cent is more likely than a de­cline in 2017, since bor­row­ing costs and the dearth of homes onn the mar­ket sup­port prices.”

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