UK house price boom ‘to end in 2022’; retail sales pick up pace – business live

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The UK house price boom is set to end next year, mortgage lender Halifax has predicted. It predicts that British house prices might only inch up in 2022, by around 1%, after surging around 8% during 2021, as pressure builds on household budgets: In its housing market outlook for 2022, Halifax says: The housing market once again proved surprisingly robust during 2021, as government policy support combined with pandemic-driven shifts in housing preferences to keep transaction demand elevated.

 

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