Friday, March 4, 2016
Mortgage lenders show UK house prices heading in opposite directions
Hansen Lu, a property economist at Capital Economics, said the monthly figures from both lenders suggested that the increased activity in the market Â“may, at least so far, be having only little impact on pricesÂ”. He said this could be because prices were already so high that buyers were unable or reluctant to keep bidding up prices. Â“Other buyers, especially those purchasing for the first time, may be delaying until competition in the market cools after the April stamp duty deadline Â– helping to keep a lid on price growth,Â” he added.