hifinutt
hifinutt
Property market predictions There’s optimism around the property market at the moment, with Rightmove saying the average time to agree a sale was just 52 days in November, compared to 67 days a year earlier.
Experts are split on whether this will last, however, with some believing the market (and house price growth) could slow down once the government’s coronavirus financial support schemes and the stamp duty cut come to an end.
Rightmove forecasts that house prices will rise by 4% in 2021.
It predicts a lull in the second quarter of the year once the stamp duty cut ends, but says this won’t be ‘make or break’.
Zoopla predicts annual house price growth will reach 5% in February, before slowing to 1% by the end of 2021.
Halifax says house prices will fall by between 2% and 5% this year.
The estate agents Savills and Hamptons both believe house prices will stay the same in 2021.
Chestertons predicts a 1.5% increase and Knight Frank a 1% rise.
The Centre for Economics and Business Research (CEBR) predicts house prices could fall by 5%.
Read more: https://www.which.co.uk/news/2021/01/how-will-the-coronavirus-affect-house-prices/ - Which?
Experts are split on whether this will last, however, with some believing the market (and house price growth) could slow down once the government’s coronavirus financial support schemes and the stamp duty cut come to an end.
Rightmove forecasts that house prices will rise by 4% in 2021.
It predicts a lull in the second quarter of the year once the stamp duty cut ends, but says this won’t be ‘make or break’.
Zoopla predicts annual house price growth will reach 5% in February, before slowing to 1% by the end of 2021.
Halifax says house prices will fall by between 2% and 5% this year.
The estate agents Savills and Hamptons both believe house prices will stay the same in 2021.
Chestertons predicts a 1.5% increase and Knight Frank a 1% rise.
The Centre for Economics and Business Research (CEBR) predicts house prices could fall by 5%.
Read more: https://www.which.co.uk/news/2021/01/how-will-the-coronavirus-affect-house-prices/ - Which?