Business is booming.

UK house price growth 1% in 2022, predicts Halifax

131


UK house prices will keep growing next year but at a “much flatter” pace, said Halifax, one of Britain’s largest mortgage lenders.

Prices are expected to go up about 1 per cent in 2022, but “forecast uncertainty remains very high”, the lender said in a report on Friday, published the day after the Bank of England surprised markets by raising its base rate for the first time in three years.

The increase from 0.1 per cent to 0.25 per cent will have a limited impact on a mortgage market dominated by fixed-rate deals but is viewed as a signal of the Bank’s intent to respond firmly to a sharp jump in inflation.

Economists do not expect drastic rate increases. But they predict that if inflationary pressures go even higher the Bank could raise rates again — in moves that could well damp the housing market.

Andrew Wishart, property economist at Capital Economics, said in a note: “The overall rise in interest rates over the next couple of years will be modest. However, the continued strength of both inflation and employment suggests there is a risk that the bank rate increases by more than currently anticipated, which would be more harmful to the housing market.”

Russell Galley, Halifax managing director, said: “With the prospect that interest rates may rise further in 2022 to subdue rising inflation, and with government support measures phased out, greater pressure on household budgets suggests house price growth will slow considerably.

He added: “Nevertheless, interest rates will remain low by historic standards and property prices will continue to be supported by the limited supply of available properties.”

Line chart of £ '000 showing UK house prices rise sharply in November

Halifax, a member of the Lloyds group, predicted that house price growth would be “broadly flat” during 2022, growing by between 0 to 2 per cent.

The bank’s report highlighted the sustained strength of UK house prices. Galley said: “The UK housing market continued to defy expectations during 2021. The average property price has risen by a further 8 per cent so far this year following a 6 per cent rise in 2020.”

The government’s support for the market through a stamp duty holiday helped drive sales, as many buyers brought transactions forward. The pandemic-induced rise in homeworking and a desire for more space kept demand buoyant beyond the end of the tax break, Halifax said. Record-low interest rates pushed price-to-income ratios to historic highs.

Janet Mui, investment director at wealth manager Brewin Dolphin, said: “It is a fine balancing act to normalise policy to address inflation concerns without spooking the economy. A modest series of rate hikes may have a limited effect on households given about 80 per cent of mortgages in the UK are on fixed terms and mortgage rates are at the lowest in decades.

“Ultimately policymakers will remain data dependent and err on side of caution. Like the Federal Reserve’s hawkish tilt, the BoE is reacting to incoming data.”

Nigel Green, chief executive of wealth adviser deVere Group, pointed out that inflation was rising globally, adding to the pressures in the UK: “This will increasingly rattle the markets. Throughout 2021, the debate was whether soaring inflation is ‘transitory’. This debate is now over.”

“Why? Because the fallout from the pandemic has also not been ‘transitory.’ Ongoing supply issues, new variants, and global disparities in dealing and managing them, has resulted in prices having to rise.”

Green added: “As inflation now becomes the biggest issue for investors, the debate throughout 2022 will shift on to how to manage it . . . There will be a steady flow of interest rate hikes from most major central banks throughout 2022.”

 



Source link

131 Comments
  1. Ldoozt says

    levaquin 500mg sale levofloxacin 250mg usa

  2. Wjpfal says

    avodart 0.5mg for sale order tamsulosin 0.4mg online buy generic ondansetron

  3. Oxxklg says

    order spironolactone 100mg online purchase aldactone online order diflucan 200mg online

  4. Vzxqkx says

    order generic ampicillin 250mg oral ampicillin 500mg erythromycin 500mg uk

  5. Nxvkvj says

    buy fildena generic bimatoprost allergy spray buy robaxin pills

  6. Xcjnus says

    sildenafil generic sildenafil professional estradiol sale

  7. Wycdmj says

    brand lamictal 200mg buy lamictal for sale retin for sale online

  8. Bmxidj says

    tadalafil 10mg for sale diclofenac 100mg brand order diclofenac 100mg pill

  9. Ilfsjt says

    buy isotretinoin 10mg pills buy accutane 20mg without prescription cost zithromax

  10. Zqrjgi says

    indomethacin 50mg canada purchase lamisil generic trimox 500mg over the counter

  11. Humaca says

    tadalafil 40mg sale male dysfunction viagra 50mg pill

  12. Sfimks says

    anastrozole for sale buy anastrozole 1 mg pill buy viagra 50mg online

  13. Yrqybv says

    prednisone 20mg us generic cialis medicine order sildenafil without prescription

  14. Oqajbo says

    cialis 10mg generika tadalafil 10mg kaufen sildenafil 100mg kaufen

  15. Lwwwzo says

    isotretinoin 10mg oral order stromectol 12mg sale ivermectin cost

  16. Bbdrpf says

    buy doxycycline 100mg online doxycycline 100mg drug cost furosemide 100mg

  17. Loqamy says

    buy ramipril online temovate pills brand astelin 10ml

  18. Tusuhh says

    buy clonidine generic purchase meclizine without prescription cost spiriva

  19. Zboayq says

    alendronate 35mg ca motrin generic purchase pepcid online cheap

  20. Hxatrd says

    buy olmesartan 20mg online cheap purchase depakote without prescription order acetazolamide 250mg generic

  21. Upagqx says

    tacrolimus 1mg brand cost labetalol 100mg urso generic

  22. Bpnaef says

    purchase isosorbide pills digoxin 250 mg without prescription telmisartan 20mg drug

  23. Iizcop says

    purchase bupropion order zyban 150 mg without prescription seroquel 50mg drug

  24. Siffja says

    buy molnupiravir sale omnicef 300mg pills buy prevacid 30mg generic

  25. Ctzadm says

    order zoloft 100mg pills sildenafil 200mg price sildenafil 100mg usa

  26. Jgcqhc says

    cialis 5mg cost order symmetrel purchase symmetrel pill

  27. Srgezw says

    revia ca cost naltrexone 50 mg order abilify 20mg pill

  28. Ynfwdq says

    order avlosulfon 100mg for sale aceon 8mg pills aceon 4mg generic

  29. Trnnpt says

    cost medroxyprogesterone 10mg buy cyproheptadine online buy periactin pills

  30. Sijmhe says

    order provigil 200mg online cheap buy modafinil generic ivermectin 0.1 uk

  31. Qeiely says

    order fluvoxamine without prescription purchase cymbalta online cheap purchase glucotrol pill

  32. Wxhevn says

    cheap accutane 40mg accutane 40mg drug prednisone 10mg oral

  33. Buhorb says

    buy nootropil 800 mg generic viagra 100mg over the counter sildenafil 100mg cheap

  34. Bgpusz says

    zithromax 250mg canada prednisolone 40mg cheap buy gabapentin 800mg online cheap

  35. Euwqrk says

    buy tadalafil 20mg generic viagra 100mg tablet buy sildenafil online

  36. Nagfiw says

    cialis 20mg oral buy anafranil 50mg online clomipramine over the counter

  37. Iizpqz says

    chloroquine online cenforce 100mg drug olumiant over the counter

  38. Abytnu says

    purchase itraconazole for sale tindamax cost tindamax over the counter

  39. Ecsxdl says

    glycomet 500mg over the counter cheap cialis sale order tadalafil 10mg sale

  40. Lghqbb says

    zyprexa for sale order olanzapine 10mg pill order diovan 160mg generic

  41. Rogore says

    brand amlodipine 10mg amlodipine buy online cost tadalafil 5mg

  42. Ynmavh says

    order generic clozapine 100mg order clozapine 50mg sale purchase decadron sale

  43. Ggmddk says

    brand viagra pills sildenafil pill order lisinopril 2.5mg for sale

  44. Kuafsp says

    order linezolid 600 mg generic best gambling sites online casinos for usa players

  45. Qnlgdi says

    prilosec pills omeprazole 20mg for sale best online poker sites for real money

  46. Gyankd says

    order metoprolol online order atenolol 50mg pill purchase levitra generic

  47. Oiosbw says

    term papers writing service casino games online casino game

  48. Hfeevp says

    levitra 10mg us levitra online buy medrol price

  49. Fauawa says

    buy custom research papers online thesis writing brand sildenafil 100mg

  50. Wmbtzy says

    clomid 100mg uk online roulette for real money roulette online

  51. Jcgxtt says

    levitra or cialis buy cialis 5mg without prescription sildenafil 50mg tablet

  52. Khbake says

    brand triamcinolone 4mg order aristocort 10mg online cheap order generic desloratadine

  53. Tcqgeq says

    priligy buy online buy synthroid pills synthroid order online

  54. Vqohij says

    oral cialis 10mg cialis coupon buy viagra 100mg online cheap

  55. Bozwhb says

    order orlistat online cheap buy generic acyclovir acyclovir 800mg pill

  56. Icntqv says

    tadalafil 10mg pill inderal online order plavix pill

  57. Turccq says

    buy allopurinol online cheap zyloprim 300mg price ezetimibe 10mg sale

  58. Gnkedu says

    buy methotrexate 5mg pills buy methotrexate 5mg generic reglan 20mg for sale

  59. Zyfgbp says

    losartan over the counter brand losartan topiramate 200mg for sale

  60. Ozsbxw says

    oral baclofen 10mg order toradol 10mg online cheap buy ketorolac for sale

  61. Zvmeha says

    imitrex pill levofloxacin 250mg tablet purchase avodart without prescription

  62. Luylge says

    order generic colchicine 0.5mg buy colchicine pill online casino real money paypal

  63. Ydhqvu says

    ranitidine canada order generic meloxicam 15mg purchase celebrex online cheap

  64. Qzxttd says

    casinos online casino game best online blackjack real money

  65. Icenvq says

    flomax brand zofran 4mg pill order spironolactone 25mg pill

  66. Dwdzts says

    cialis 5mg for sale cipro 1000mg for sale cipro tablet

  67. Xauxoa says

    zocor 10mg pill order generic zocor 20mg propecia price

  68. Yonqwb says

    flagyl 200mg sale oral trimethoprim bactrim 960mg usa

  69. Gnirps says

    diflucan oral diflucan tablet sildenafil 100mg canada

  70. Ngfkra says

    order cephalexin 250mg order erythromycin 500mg generic buy erythromycin 500mg pill

  71. Nfynsc says

    order cialis sale cialis online order purchase sildenafil online cheap

  72. Odnkyn says

    cheap sildenafil tablets sildenafil 50 mg order tadalafil 5mg online cheap

  73. Foalmz says

    wind creek casino online games real cialis order cialis 5mg generic

  74. Ddswup says

    trazodone pills buy suhagra 100mg pills order aurogra 100mg pill

  75. Qzjfrt says

    help writing papers for college stromectol 12mg sale ivermectin over counter

  76. Atryjv says

    sildenafil 25mg price purchase sildalis without prescription purchase lamictal online

  77. Bmpmhi says

    deltasone 5mg pills order accutane generic amoxicillin without prescription

  78. Oseyoa says

    order zithromax 500mg pill order prednisolone pill buy generic neurontin 100mg

  79. Ezqwjb says

    free slot play free casino games no registration no download cialis 40mg usa

  80. Edotgp says

    roulette games buy provigil pills provigil order online

  81. Dujyxf says

    lasix 40mg drug order doxycycline 100mg sale generic plaquenil 200mg

  82. Vvanha says

    buy deltasone 10mg generic order prednisone 40mg pills vermox buy online

  83. Wceudt says

    fildena uk order fildena 50mg pills rhinocort canada

  84. Mfkuau says

    tadalafil online buy diclofenac 50mg over the counter order indomethacin 50mg online cheap

  85. Mnysgk says

    order lamisil 250mg generic generic trimox purchase trimox online

  86. Djgcwn says

    purchase clarithromycin generic biaxin 250mg cost meclizine usa

  87. Jpgrjo says

    buy naproxen 250mg pill lansoprazole usa prevacid 15mg generic

  88. Wqyila says

    spiriva order minocin 100mg tablet terazosin order

  89. Sfcrpq says

    proventil us proventil price purchase cipro online

  90. Tmpxvq says

    actos 15mg price purchase actos generic viagra sildenafil 25mg

  91. Bidtie says

    buy generic montelukast viagra pills 150mg sildenafil 200mg

  92. Pgalaz says

    usa pharmacy cialis Cialis for women free casino games

  93. Oyncxn says

    buy tadalafil 10mg online generic tadalafil 40mg tadalafil 40mg drug

  94. Frkmwi says

    best online casinos free casino slots real poker online

  95. Salmhm says

    stromectol for humans for sale buy symmetrel 100 mg online cheap order avlosulfon 100mg online

  96. Cpfclj says

    playing poker online roulette casino roulette free

  97. Uqopxl says

    poker online sites best online poker sites for real money thesis writer

  98. Srlbkx says

    adalat pill allegra 120mg brand fexofenadine us

  99. Xrlruz says

    order ramipril 10mg sale generic glimepiride 4mg etoricoxib 60mg without prescription

  100. Qukhri says

    purchase essays online buy azulfidine 500 mg for sale buy sulfasalazine online cheap

  101. Wxpwau says

    oral doxycycline 200mg cleocin 300mg generic cleocin 300mg for sale

  102. Sstdvp says

    order olmesartan 10mg without prescription buy generic verapamil cheap depakote

  103. Goawzl says

    purchase mesalamine generic mesalamine without prescription buy avapro 300mg generic

  104. Lznqts says

    order acetazolamide 250mg online buy isosorbide without prescription buy generic imuran 50mg

  105. Ozkldh says

    lanoxin 250mg usa buy digoxin 250 mg online cheap order generic molnupiravir 200mg

  106. Njgxey says

    order amoxil pills cheap amoxil tablets ivermectin 3 mg tablet dosage

  107. Iexbri says

    order carvedilol 6.25mg online buy amitriptyline 10mg pills amitriptyline medication

  108. Nwjazi says

    fosamax 35mg drug order fosamax 35mg buy ibuprofen 600mg pill

  109. Mmstac says

    priligy price avana 200mg us brand domperidone 10mg

  110. Losydk says

    nortriptyline 25mg us paracetamol sale paxil 10mg uk

  111. Gwgjwo says

    buy indocin for sale cenforce 50mg generic cenforce order

  112. Ddgaog says

    buy famotidine 20mg for sale pepcid tablet order mirtazapine generic

  113. Gisfzl says

    generic requip ropinirole ca cost labetalol 100mg

  114. Msiqnu says

    tadacip sale trimox 250mg drug order amoxicillin 250mg pill

  115. Bhipuq says

    buy tricor without prescription viagra sildenafil 100mg buy viagra 100mg online cheap

  116. Llksqx says

    cialis pills 10mg viagra 25mg sildenafil pills 200mg

  117. Mvvuzj says

    purchase minocycline order hytrin 5mg generic purchase terazosin sale

  118. Nrdoqu says

    otc cialis pills for erection erectile dysfunction drug

  119. Fspheu says

    order glucophage 500mg pills purchase glucophage pills buy generic nolvadex 10mg

  120. Jxkgdv says

    buy provigil online buy provigil 200mg without prescription phenergan price

  121. Uzadsm says

    clomid uk cost lipitor 40mg prednisolone 20mg cost

  122. Auptgx says

    deltasone drug buy prednisone generic amoxicillin 1000mg usa

  123. Viorfy says

    order isotretinoin 10mg buy deltasone 5mg pills ampicillin pills

  124. Vtzmrl says

    buy erectile dysfunction drugs over the counter cost finasteride 1mg propecia 1mg sale

  125. Biinxv says

    ivermectin 6mg otc ed pills for sale order deltasone 20mg pills

  126. Lephhb says

    cheap ondansetron 4mg amoxil 1000mg ca buy bactrim 960mg for sale

  127. Vwydbz says

    purchase accutane generic amoxil 500mg sale azithromycin medication

  128. Chlykw says

    prednisolone 5mg oral order prednisolone 5mg sale lasix 100mg us

  129. Feqalg says

    provigil us buy modafinil 100mg without prescription purchase metoprolol pill

  130. Gzezhx says

    purchase dutasteride generic order generic orlistat xenical 120mg ca

  131. Munofe says

    doxycycline 100mg cheap order levitra 10mg generic buy generic zovirax 800mg

Leave A Reply

Your email address will not be published.