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Real Estate

The Era of Huge UK House Price Rises Is Ending, Economist Says

  • David Miles is on the UK budget watchdog’s top committee
  • He says slower population growth among factors to cool prices
Updated on

The age of huge UK property price increases may be coming to an end as population growth slows and working from home booms, according to a senior economist at the Office for Budget Responsibility.

David Miles, one of three members of the UK budget watchdog’s top committee, said that changing working habits, a flattening population and an end to a decades-long fall in borrowing costs make explosive house price growth less likely.