Strutt & Parker stands by 2020 property price forecasts, despite plunging transaction numbers
Average UK house prices are likely to drop by anything from 1% to 7% this year, predicts Strutt & Parker - although the short-term impact "could be much gloomier" in some parts of Prime Central London.
‘Transaction levels indicate that the markets are relatively stable during this time of economic & political uncertainty’ – Strutt & Parker
Transaction volumes in PCL grew by 5.3% from H1 2018 to H1 2019, says Strutt & Parker, driven by a quite dramatic surge in activity under £2m
Property sales boom ‘is not anticipated to last’ but ‘there is no sign of house price inflation losing any steam’ – RICS
Surveyors report the widest mismatch between property supply and demand since 2013, as agreed sales numbers continue to rise ahead of the end of the Stamp Duty holiday.
London property prices are likely to drop by 3% in 2018 – Winkworth
"The fundamentals looks sound" for residential markets in 2018, says Winkworth, but the estate agency is not predicting much in the way of price rises.
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