Leading UK estate agent cuts its longer-term house price growth forecast

Hamptons says modest' rises can be expected amid dampening effect' of higher interest rates overall

Expectations that UK interest rates may stay higher for longer, as well as revenue-raising measures in the budget, have prompted a leading estate agent to cut its forecast for house price growth over the longer term.

The revised forecast from Hamptons came days after Halifax and Nationwide banks said the annual rate of property price growth had slowed, with the former saying it was likely to be modest ... for the rest of this year and into next".