'Buyers will struggle to pay much more': House price rises will be limited as costs bite, warns Rightmove

House price rises over the next few years will be muted as ‘buyers will struggle to pay much more’, property website Rightmove warned today.
Asking prices of newly-listed homes for sale flat-lined in the month to mid-July, the property website said, but home buyers are cautious on political uncertainty and wage growth falling behind inflation.
With the property market cooling, it forecast that house prices are no longer likely to rise above inflation. ‘High demand will continue to underpin prices, but we are seeing stretched affordability limiting the pace of rises, especially in the south... read more

17 July 2017 in Business, Views: 44
Source: Daily Mail

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