House Price Growth Expected To Slow In 2016

Britain's biggest mortgage lender expects house price growth to slow next year as homes become increasingly unaffordable for first-time buyers while the timing of an interest rate rise edges closer. Its housing economist Martin Ellis said house prices continued to look expensive compared to incomes - but they are still climbing, thanks to low levels of property for sale, low levels of housebuilding and low interest rates. Mr Ellis said: "With house prices continuing to increase more quickly than