Close Menu
PAD MagazinePAD Magazine
    Pages
    • About PAD Magazine
    • Advertise
    • Contact
    • Contribute Property and Home Improvement related content
    • Home
    • Newsletter Advertising
    • Pad Team
    • Property & Development Magazine
    • Subscribe
    Facebook X (Twitter) Instagram
    • Contribute
    • About PAD Magazine
    • Pad Team
    X (Twitter) RSS
    PAD MagazinePAD Magazine
    • Home
    • New Builds
      • Sales & Marketing
      • Regeneration
      • Planning & Design
      • Sustainable Construction
    • Luxury Living
      • Interior Design
      • Lifestyle
      • Property Renovation & Refurbishment
      • Garden & Lanscaping
      • Home Decor
    • News
      • Software
      • Energy & Utilities
      • Affordable Housing
      • Environment
      • Plant & Machinery
      • Products & Materials
      • Infrastructure & Energy
    • About
      • Pad Team
      • Contribute Property and Home Improvement related content
    • Contact
    Subscribe
    PAD MagazinePAD Magazine
    You are at:Home House Prices Should Hold Firm this Year, says UBS
    Products & Materials

    House Prices Should Hold Firm this Year, says UBS

    PAD Editorial TeamBy PAD Editorial Team24/08/2016No Comments2 Mins Read0 Views
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    House-Prices-Should-Hold-Firm-this-Year,-says-UBS
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email

    Analysts admit Brexit has hit confidence, but say credit flow and shortage of housing will stop major downturn.

    House prices should hold firm in the second half of 2016 despite the economic headwinds following the vote for Brexit, analysts at UBS Wealth Management say.

    Revising earlier bullish forecasts for house price growth in the UK, the company has set out a base case in which valuations are flat to the end of the year. In a worst case scenario, it says prices could fall five per cent.

    Stagnation would mark a significant slowdown from current growth rates, which have been running at up to nine per cent annually according to most surveys.

    But it would also be a far more benign situation for homeowners than predicted in the lead up to the referendum, when some experts forecast falls of 25 per cent following a vote to leave the EU.

    That, however, was always unlikely as it would be worse than the peak-to-trough decline during the financial crisis between 2007 and 2009.

    The difference this time, say UBS, is there is no shortage of bank financing to keep the market moving. Rates on mortgages are falling, potentially stoking demand.

    “Unlike the slowdown in 2007 to 2009, the origins of which can be traced to a financial sector crisis, we believe the supply of credit to the UK economy will be unhindered,” said Caroline Simmons, the deputy head of UBS’s UK investment office, reports Estate Agent Today.

    “However, consumer confidence has deteriorated since the Brexit vote, and uncertainty about the economic outlook is also likely to weigh on business investment and hiring.”

    See also  Sustainable Self-Build with Gira Switches in Natural Raw Materials

    Reduced consumer confidence might hinder big purchases such as buying a house, while a fall in hiring would increase overall unemployment, in turn reducing broader buying power.

    Most surveys on the housing market are now predicting a less severe fall than originally feared, not least because of a shortage of property.

    Halifax and estate agency Haart say house prices dipped around one per cent in July, although the rolling quarterly averages were unchanged or slightly up. It is too soon to draw any meaningful conclusions, they add.

    A more substantial slowdown is predicted in the London property market and UBS is no exception. Like others, it says the problems in prime central areas set in long before Brexit, with stamp duty changes affecting high value and investment properties.

    Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
    Previous ArticleWitherford Watson Mann Puts Forward Theatre Plan for Leicestershire Stable Yard Site
    Next Article English Private Landlords Double Housing Benefit Takings to £9bn
    Avatar
    PAD Editorial Team

    Related Posts

    Live without compromise with Abode LivInc

    03/07/2025

    Drywall Access Doors: Designing for Functionality and Style in Architectural Projects

    27/06/2025

    Practical Uses of General-Purpose Access Doors in Residential and Commercial Renovations

    27/06/2025
    Leave A Reply Cancel Reply

    Search
    Categories
    • Affordable Housing
    • AI
    • Architecture
    • Art & Entertainment
    • Automotive
    • Awards
    • Beauty
    • Builds & Development
    • Business, Legal & Financial
    • Casino
    • Celebrities
    • Charity
    • Construction
    • Coronavirus
    • Corporate Social Responsibility
    • Education
    • Energy
    • Energy & Utilities
    • Environment
    • Events
    • Fashion
    • Finance
    • Gambling
    • Garden & Lanscaping
    • Health
    • Health and safety
    • Home Decor
    • Homes and Interiors
    • Infrastructure & Energy
    • Interior Design
    • International
    • Jobs & Training
    • Law
    • Leisure & Hospitality
    • Lifestyle
    • Luxury Living
    • Management & Estate Services
    • Manufacturing
    • Marketing
    • Medical
    • Net Worth
    • News
    • Op-Ed
    • Planning & Design
    • Plant & Machinery
    • Plumbing
    • Politics
    • Press Releases
    • Products & Materials
    • Property Renovation & Refurbishment
    • Regeneration
    • Sales & Marketing
    • Software
    • Sustainable Construction
    • Technologies
    • Tips
    • Tips
    • Travel & Tourism

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Oxford North launches ESG annual report and Social Value Charter for shaping a sustainable future

    Hodge Real Estate Finance launch event a resounding success

    The rising price of copper and its implications for the UK electrical market

    Oasis Christian Centre on market with John Truslove for £1.15 million

    Oxford North launches ESG annual report and Social Value Charter for shaping a sustainable future

    Hodge Real Estate Finance launch event a resounding success

    The rising price of copper and its implications for the UK electrical market

    Oasis Christian Centre on market with John Truslove for £1.15 million

    © 2025 ThemeSphere. Designed by Property & development.

    Type above and press Enter to search. Press Esc to cancel.

    Manage Cookie Consent
    To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
    View preferences
    {title} {title} {title}