British house prices will rise 2 percent next year, less than what is expected from inflation and held back by uncertainty around Britain's decision to leave the European Union, a Reuters poll of analysts found on Monday.
Britain built the largest number of new homes since the global financial crisis during the year to the end of March, annual figures showed on Tuesday, as the economy picked up and the government took steps to tackle Britain's housing shortage.
The bounce back in Britain's economy from the initial shock of the Brexit vote has expanded to the country's recruitment and housing markets, according to two surveys which previously painted a bleak outlook.
British house builder Berkeley Group said the property market in August, traditionally a quiet month, had stabilised after a jump in cancellations in the wake of June's vote to leave the European Union.
British house price rises picked up speed in August and households recovered some confidence which had plunged after June's Brexit vote, according to surveys that added to signs of calm among consumers after the unexpected referendum result.
British house prices are set for their first fall in nearly four years over the next few months as the European Union referendum and a new tax on landlords turn buyers away, property valuers said on Thursday.