The UK housing market is predicted to experience a "second wind" due to increased buyer confidence and the strengthening economy, according to a new report from investment bank Liberum. The Bank of England is yet to increase interest rates, meaning that the market will continue to benefit from steady investment and property prices will rise even higher. According to the report, which was released on Wednesday, there are now more than three million first-time buyers in Britain, up by almost 200,000 since last year.
The UK housing market is predicted to experience a "second wind" due to increased buyer confidence and the strengthening economy, according to a new report from investment bank Liberum. The Bank of England is yet to increase interest rates, meaning that the market will continue to benefit from steady investment and property prices will rise even higher. Liberum"s report also detailed great variations in stock valuations throughout the construction and supply industries.