Rising house prices put focus on affordability
Consumer expectations about house prices have bounced back to pre-EU Referendum levels after a period when the immediate ramifications of the vote were unclear. Now, according to data from the Building Societies Association Property Tracker survey, almost half of consumers (49%) expect house prices to rise over the next 12 months. Just 10% expect them to fall.
But, as a result of this rebound in house price expectations, people are facing greater affordability challenges in buying their own home. (Read more)