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UK home price rises 'to continue' | UK home price rises 'to continue' |
(about 1 hour later) | |
One out of every three people expects UK house prices to increase by more than 6% in 2007, a survey suggests. | |
Some 55% of the 1,500 people polled by financial website Thisismoney said the cost would rise, with one in 10 predicting hikes of at least 11%. | |
One in four of the respondents forecast a rise of up to 5%, but the same number expected a fall of more than 6%. | One in four of the respondents forecast a rise of up to 5%, but the same number expected a fall of more than 6%. |
Mortgage lenders say prices were up by nearly 10% in 2006, but many predict more modest rises in the year ahead. | Mortgage lenders say prices were up by nearly 10% in 2006, but many predict more modest rises in the year ahead. |
UK house prices have almost tripled in the past decade in absolute terms and some economists envisage falls in the next few years. | UK house prices have almost tripled in the past decade in absolute terms and some economists envisage falls in the next few years. |
The thisismoney poll found 10% of people predicted a drop in prices of more than 20% before the end of 2007. | The thisismoney poll found 10% of people predicted a drop in prices of more than 20% before the end of 2007. |
But, according to the website, the research indicates people are more upbeat than last year, when opinion was split on whether prices would rise during 2006. | But, according to the website, the research indicates people are more upbeat than last year, when opinion was split on whether prices would rise during 2006. |
Overall, one in five said UK house prices would rise by between 6% and 10% in 2007. | Overall, one in five said UK house prices would rise by between 6% and 10% in 2007. |
Recent research showed homeowners in Northern Ireland were 2006's biggest property winners with towns in the region seeing the largest house price hikes across the UK. | Recent research showed homeowners in Northern Ireland were 2006's biggest property winners with towns in the region seeing the largest house price hikes across the UK. |
The survey from Halifax Estate Agents also found London and the south east of England register strong price growth, buoyed by high City bonuses and a shortage of housing supply. | The survey from Halifax Estate Agents also found London and the south east of England register strong price growth, buoyed by high City bonuses and a shortage of housing supply. |
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