‘The economic consequences from the Covid-19-induced recession will pull the housing market from its long-term growth trajectory’ – Hamptons

2021 will be “challenging”, but estate agency brand Hamptons International expects the national average property price to end this year higher than it started it, despite Covid-19 and Brexit, and to climb by 8% over the next four years (+6% in London) – assuming there’s a vaccine, a Brexit deal, and no second lockdown.

UK house prices hit a four-year high as demand for outside space continues to climb

“The latest RICS survey provides firm evidence of a strong uplift in activity in the housing market which should help support the wider economy gain traction over the coming months,” says RICS’ Chief Economist Simon Rubinsohn. “More of a concern is the pick-up in prices which could intensify issues around affordability in some parts of the country.”