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UK house prices likely to rise by 2%-4% in 2025, Nationwide says - REUTERS
LONDON, Dec 16 (Reuters) - British house prices are expected to increase next year as borrowing costs and affordability constraints ease, despite a rise in home purchase taxes that will take effect from April, mortgage lender Nationwide said on Monday.
Prices are expected to rise by 2% to 4% in 2025, Nationwide said.
"Providing the economy continues to recover steadily, as we expect, the underlying pace of housing market activity is likely to continue to strengthen gradually as affordability constraints ease through a combination of modestly lower interest rates and earnings outpacing house price growth," said Robert Gardner, Nationwide's chief economist.
