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What lies ahead for house prices in 2017

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Fri 13 Jan 2017

What lies ahead for house prices in 2017

In St John’s Wood, NW8, this seven-bedroom house can be rented for £20,000 a week (Knight Frank)

This week Halifax proclaimed that the housing market is in fine fettle, with a shortage of supply continuing to push property prices upwards — particularly outside London.

According to Halifax, prices in December were 6.5 per cent higher than a year earlier — compared with a 6 per cent rise in November — and they jumped 1.7 per cent month on month, taking the nationwide average cost of a home to a high of £222,484. The Halifax figures appear upbeat, so what are the predictions for 2017?