PROPERTY MARKET OPTIMISM FOR 2019 AND BEYOND

Property Market Optimism For 2019 And Beyond

Given the number of things to deal with in Britain today, it is understandable that many people are growing weary of what the property market has to offer. Even though many people have been able to buy or sell property of late, it isn’t wrong to say that the market has been deflated for a while. There have been many external factors impacting on the property market and you can’t blame people for feeling things move slowly, if at all.

However, as we move into 2019, and the challenges that are set to come our way, there are some specialists in the industry who are tipping house prices to rise. Strutt & Parker are leading agents in the country and they believe that UK property prices will grow by 2.5% in 2019 and for the period between 2018 and 22, it is believed that UK property prices will rise by 18%. This is a notable increase but perhaps more promising for vendors is the fact that the amount of people looking to buy property and who want to arrange viewings is also set to increase.

It looks as though the difficulties in the London property market will continue to be challenging, but the outlook for the rest of the country is more upbeat.

Stephanie McMahon is the Head of Research at Strutt & Parker, and she said; “Substantial economic and political uncertainty remains both nationally and globally and this does not look likely to change any time soon. The likely outcome of Brexit negotiations remains extremely unclear, with the potential for this uncertainty to continue longer than we hoped for. Beyond 2019 it is extremely difficult to forecast the market with any certainty and we would expect some bounce back once more stability has returned. The fundamentals of the UK economy remain broadly positive, with sentiment remaining cautious.”

We know that many people are looking for positive news in the property market. Therefore, this information is likely to be welcomed, and there are areas that are bucking the trend or offering optimism to people. As you’ll know there has been a great deal of work undertaken in Stockport of late, and the town is developing at a fantastic rate. We are pleased to provide a reliable range of estate agent services in the local area, and no matter what move you want to make, we are here to assist you.

If you’re keen to make a move, call on the local experts.

As Stockport property specialists, we want to ensure you stay in touch with the latest property news. If you are looking for assistance in this area, give Spencer Harvey a call on 0161 480 8888 or send us an email at info@spencerharvey.co.uk. For a free valuation please visit: https://www.spencerharvey.co.uk/valuation-enquiry.html

 



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