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Confidence in the housing market remains strong – Woolwich

Britain remains confident over the housing market, defying speculation that house prices will no longer rise.

The Woolwich, Barclay&#39s mortgage arm, believe that this gradual rise in confidence shows a housing market crash is unlikely, despite talk earlier this year.

Though confidence has risen, the figures still suggest house price inflation will slow down gradually.

Factors that will lead to this slowdown include the record high amount of personal debt, ultimately leading to more caution over moving up the property ladder.

Another factor is the economic fundamentals pointing to a slowdown from the rates of house price inflation experienced recently.

Woolwich head of mortgages Andy Gray says: “Continued confidence in house prices points to a gradual slowing of the market rather than a sharp correction in the rate of house price inflation.”

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