U.K. December House Prices Rise by 1.7%: Halifax

The video discusses the UK's strong economic performance towards the end of the year, driven by a rebound in consumer and business confidence post-EU referendum. This has led to increased housing demand and rising house prices, despite tight supply conditions. Predictions for 2017 suggest a slowdown in house price growth and continued reluctance in property transactions due to high costs and uncertainty. The potential impact of rising interest rates on affordability is also explored, with expectations of a gradual increase allowing borrowers time to adjust.

What challenges do potential home sellers face in the current market?

How might interest rate changes impact the housing market in the future?