One of the best ways to gauge the impact of any decision affecting the wider UK economy is to look at how house prices are rising or contracting. House prices are essentially a measure of how much people are willing to pay for a home and how much they can afford. Economic metrics such as GDP growth and immigration and emigration figures tend to broadly correlate.
Because of the role that house prices would play, estate agents YOPA gathered a number of predictions from various industry experts in January 2017 to make predictions about what would happen over the course of the year. From these averages, a 1.2% growth figure emerged.
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