House prices will rise by between 1% and 4% in 2017, according to Halifax’s annual forecast, marking a sharp deceleration from 2016, as it raised the prospect of falling prices in London.

Britain’s biggest mortgage lender said a slowdown in economic growth, potential rises in unemployment and pressure on household incomes will put a brake on the property market after several years of growth.

But prices will continue to edge slightly higher, helped by continued low interest rates and subdued housebuilding levels, said Halifax. A rise of 1% to 4%, compared to the 6% gain in 2016, suggests that the average house price in Britain will rise to between £220,000 and £226,000 in 2017, compared to £218,000 today.

Here at JP & Brimelow in Chorlton my team and I are here to help you with your buying and selling requirements. Please don’t hesitate to contact the team on 0161 882 2233 for a free MARKET APPRAISAL of your home or for any assistance now or throughout 2017.

‘I am not afraid of an army of lions led by a sheep; I am afraid of an army of sheep led by a lion.'

Kind regards

Eddie Ellis MNAEA

Director

JP & Brimelow Chorlton