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Report predicts house prices to grow by 4% next year

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House prices to grow by 4% next year thanks to stamp duty holiday and cheap mortgages

By Daily Mail City & Finance Reporter

Published: | Updated:

House prices will grow by 4 per cent next year thanks to the stamp duty holiday and cheap mortgages, a report predicts today. 

This year the market boomed, with prices rising by 6.6 per cent, as the tax break and housing needs outweighed concerns over rising unemployment and Brexit, the research by Rightmove found. 

Boom: More than 130,000 sales were agreed in the past month, 44 per cent more than the same period in 2019

Boom: More than 130,000 sales were agreed in the past month, 44 per cent more than the same period in 2019

More than 130,000 sales were agreed in the past month, 44 per cent more than the same period in 2019, contributing to a ‘logjam’ of 650,000 sales that are waiting to go through. 

Tim Bannister, a Rightmove director, said: ‘Ongoing demand still remains very high, indicating that there’s plenty of fuel left in the tank for the market.’

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source: dailymail.co.uk