Halifax UK Housing Market Outlook for 2016 Expected Annual House Price Inflation for 2016: 4% to 6% by year end Increasing difficulty in getting on the housing ladder, together with the increasing prospect of a rate rise, is expected start to put the brakes on house price growth during 2016. Annual house price growth nationally is expected to slow to 4%-6% by the end of 2016. In 2015, activity levels have remained modest by historical standards. A continuing shortage of supply is likely to continue to act as a significant constraint on activity in 2016. Price growth is expected to slow more sharply in London than elsewhere. All regions are expected to experience price rises in 2016. House price growth is expected to be broadly in line with income growth beyond 2016 as steadily rising interest rates increase the affordability constraint on demand. Levels of housebuilding remain low, but we expect improvements over the medium-term. This would help to...
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