UK Home Price Growth to Lag Inflation
British home prices will rise just 1.3 percent this year as high borrowing costs and economic challenges weigh on the market. Meanwhile, renters face steeper increases due to shrinking property supply and strong demand.
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British home prices will rise just 1.3% this year, lagging behind inflation as high borrowing costs curb market activity, a Reuters poll showed. The revised figures mark a downward shift from a June survey that anticipated stronger gains across the United Kingdom. Elevated mortgage rates continue to pressure buyers, pushing many toward the rental market instead.
