City Of London
Major Banks Upbeat on UK House Price Growth Despite Rising Rates
- Barclays, HSBC among firms predicting positive UK price growth
- Santander CFO says he does not expect big price drops
An employee places a property for sale in the window of an estate agents in London, UK.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Barclays Plc is among a handful of lenders predicting that UK house prices will continue to grow despite ongoing turbulence in the property market.
The British bank said on Wednesday that while higher interest rates are expected to adversely impact housing markets in major economies, house price growth should remain “positive over the forecast horizon.” That’s after HSBC Holdings Plc said on Tuesday that its central scenario was for UK house prices to keep rising over the next two years.