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?
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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.