UK property pundits are predicting a softening in housing prices over the next year. In July, UK house prices increased by 0.2%, having risen by a similar amount in June. But the annual rate of house inflation fell to 2.3% in July – the lowest rate since April 1996, according to figures from the Halifax, part of UK bank HBOS.
This has had a knock-on effect on the retail structured products market. At the end of last year, a string of property-linked structured products emerged in the UK, for