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U.K: 2013 house price outlook more unclear than usual

Posted on 10 December 2012

The outlook for the UK economy and house prices remains more unclear than usual, according to the latest Halifax UK Housing Market Outlook for 2013. Subdued economic growth, sustained high unemployment and pressures on household finances will constrain housing demand.
But the relatively low level of mortgage payments in relation to income to provide support for house prices. House prices are likely to be strongest in London and the South East. Prices are likely to rise, albeit very slowly, beyond 2013 as the economy strengthens………………………………………..Full Article: Source

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