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Surrey cash buyer

Latest Cml Report Out Today

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Council of Mortgage Lenders

Our view is that house purchase activity will stabilise following the upward trend seen over the

past year. Affordability pressures remain intense for first-time buyers and the attractiveness of

moving will be adversely affected by high transactions costs, notably stamp duty, the rising costs

of home ownership in the form of council tax and utility bills and the prospect of only modest

house price growth.

Our forecast of a moderation in house price growth towards 2% is based on less buoyant house

purchase activity. But the new ODPM household projection figures underline the extent of the

mismatch between housing demand and housing supply. Until this structural imbalance is

adequately addressed, the pressure will be for real house prices to rise.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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