“UK house prices are set to rebound, with a predicted 18% increase over the next four years, defying previous crash forecasts. This recovery is driven by high wage growth, falling mortgage rates, and cash buyers. Capital Economics sees prices remaining stable this year, and Savills believes the market is past its ‘peak pain.'”
Quotation by Nigel Holland.
- Housing market defies crash predictions, showing resilience.
- Predicted 18% price increase in the next four years.
- Factors include high wage growth, lower mortgage rates, and cash buyers.
- Some areas, like Wales and the North East, will see the strongest price growth.
- Longer mortgage terms and a tight labour market contribute to price stability.
