British house prices dropped 0.1 per cent last month but are expected to rise again because of a shortage of homes. Photo: AP British house prices dropped 0.1 per cent last month but are expected to rise again because of a shortage of homes. Photo: AP
British house prices dropped 0.1 per cent last month but are expected to rise again because of a shortage of homes. Photo: AP

Supply shortage to drive UK home prices higher

Upside is expected to be constrained by tighter vetting of mortgage applications and rate rises

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British house prices dropped 0.1 per cent last month but are expected to rise again because of a shortage of homes. Photo: AP British house prices dropped 0.1 per cent last month but are expected to rise again because of a shortage of homes. Photo: AP
British house prices dropped 0.1 per cent last month but are expected to rise again because of a shortage of homes. Photo: AP
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