Despite proclamations of doom for house prices, Keith Burdon, UK investment manager at Britannic, i...
Despite proclamations of doom for house prices, Keith Burdon, UK investment manager at Britannic, is generally positive on the outlook for UK housebuilders and construction. Burdon says the retail housing market has been frightened by numbers from the Halifax that showed house prices had risen by 30%, leading to concerns that prices may have now peaked. The consensus view from housebuilders for house prices growth is a 10% rise, according to Burdon, which he says may flow into next year but then slow to 5%. Burdon says the 30% number that comes from the Halifax includes second-hand ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes