'High demand for properties to remain'

A number of areas in the UK are likely to see the demand for properties remain at a high level, despite the slowdown experienced by the market, it has been claimed.

Research by Hbos indicated that Aberdeen, Liverpool and Newport are expected to see house price inflation above the national average next year.

"Some areas will continue to be in high demand next year with property prices rising accordingly despite the expected subdued outlook across the market as a whole," commented Colin Kemp, managing director at Halifax Estate Agents.

The areas expected to see the greatest price increases will be those with strong transport links and low average prices, he stated.

In its predictions for 2008, the Council of Mortgage Lenders suggested that house price inflation would remain positive next year.

The organisation also suggested that interest rates would continue to fall in the new year.

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