Asking prices for houses in England and Wales could climb next year at their fastest rate since 2006, rising another 8 percent due to a shortage of homes on the market, property data firm Rightmove said on Monday.
Asking prices rose by an average of 5.4 percent, or 12,466 pounds, in 2013 and Rightmove said the expected acceleration in 2014 would be driven by an imbalance between sales and listings.
The number of housing transactions grew 13 percent this year against a rise in property listings of just 2 percent.
The Bank of England last month said it would end one of Britain's programmes aimed at stimulating mortgage lending and has said it will monitor the market amid fears of a bubble.
Source: Reuters
