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Two thirds of mortgage broker predict rising house prices

Almost two thirds of brokers expect house prices to rise this year, according to a survey by UCB Home Loans.
The survey of nearly 1500 mortgage brokers conducted in January shows 31 per cent expect them to remain broadly the same as in 2005, and only four per cent think they will fall.
According to the survey 52 per cent expect more buyers to enter the market in 2006, whilst 32 per cent think the number of homebuyers will be roughly the same as last year and 16 per cent think there will be fewer.
The picture for interest rates indicates expectations of stable or falling rates, with 43 per cent thinking they will fall over the year, 48 per cent seeing them remaining stable and nine per cent thinking they will rise.

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