halifax bank estimates that the price of housing in uk increase by 4% this year. the bank justifies this growth will occur as a result of the improvement in the British economy and low interest rates. further explains that the government-led "help to buy" program will boost housing demand but dismisses fears of a housing bubble
Halifax economist, Martin Ellis, indicates that the price of homes in uk is 12% below the peak marked in August 2007, while sales transactions remain below those recorded seven years ago
Also, the bank explained that the rise in property prices in the country is increasing the capital of homeowners, allowing them to take these homes on the market next year. therefore considers that this will increase supply and curb rising prices
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