The unexpectedly large rise in house prices in August is yet another reason to think that house price growth will shrug off the end of the stamp duty holiday. It also suggests our forecast that house prices will rise by 7% this year is too pessimistic. We now expect house price growth to be closer to 9% in Q4.
Note: We’ll be discussing the five-year outlook for Europe’s residential market in a Thursday Drop-In. Registration details here.
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