December marked the fourth consecutive month during which house prices rose by at least 0.5% m/m. The slight acceleration in price growth at the end of last year reflects the tightening in housing market supply conditions. But with housing no longer obviously undervalued, prices are unlikely to increase by much more than incomes over the next few years.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.