Rising unemployment, end of stamp duty holiday and Brexit will affect market, says lender
House prices in the UK are expected to fall by up to 5% next year, fuelled by rising unemployment and the end of the government’s stamp duty holiday.
Halifax, Britain’s biggest mortgage lender, said the economic fallout inflicted by the pandemic would catch up with the property market in 2021, after an unexpected boom during the coronavirus pandemic. It is forecasting a fall in house prices of between 2% and 5% for the year as a whole.
