The Royal Institution of Chartered Surveyors predicts that average prices will increase 6 per cent next year.
Shortage of supply and increased confidence by home owners could drive up property prices in 2016. Couple this with cheap money and we have recipe for another increase.
Most British households have seen a notable improvement in their disposable income this year. The GfK consumer confidence index has been positive all year and in December it was 8 points higher than the same time last year.
High street sales also accelerated in the run-up to December, according to the CBI’s monthly retail survey, further improving consumer confidence. A year on year increase of 19%.
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