Housing prices rise to almost two-year high: What does this mean for the market in autumn?

What is expected to happen in the housing market in Autumn?

Transcript

00:00I'll call it an inherent trend in house prices, which is upwards, regardless of the cost of

00:09living crisis that we've gone through, primarily because there is still a shortage of supply

00:13in the UK.

00:14We aren't building them fast enough.

00:18Interestingly, the recent economic statistics that show that we've had zero growth in the

00:24economy for the last two months, you would expect that to be, I'll call it a harbinger

00:28of problems.

00:30But because of the excess of demand over supply, I expect house prices to rise and continue

00:35to rise modestly.

00:37The government has announced that the autumn budget will be held on October 30th.

00:42Some have predicted that changes to inheritance tax, capital gains tax and VAT exemptions

00:49are to be expected.

00:52Current government announcements are actually counter-intuitive to increasing the total

00:56amount of government revenues.