The rate of house price growth accelerated a touch in October, in part due to the shortage of homes for sale. And while consumer confidence slipped a little on the back of weaker economic growth, record low mortgage rates and rising credit availability mean that demand should hold up. All in all, the current balance of evidence points to house price inflation ending the year at around 5% – a level that is consistent with our forecasts.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services