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New Year starts on a high for property prices
thequant
Posts: 1,220 Forumite
“Although first-time-buyer house prices have remained relatively stable, up just 1.1% in the last month, I expect these to shoot up over the coming months as first-time buyers face fierce competition from buy-to-let investors.
“While first-timers may face a tough couple of months, once the stamp duty changes come into effect in April, demand from buy-to-let investors is likely to recede.”
Smith says this should lead to a stabilisation in prices at this level.
Similarly, Nationwide chief economist Robert Gardner says: “UK house prices increased by 0.8% last month, with the annual pace of house price growth picking up to 4.5%from 3.7% in November.
“Overall, we expect UK house prices to rise by 3 to 6% over the next 12 months.”
http://www.express.co.uk/life-style/property/630617/New-Year-starts-on-a-high-for-property-prices
“While first-timers may face a tough couple of months, once the stamp duty changes come into effect in April, demand from buy-to-let investors is likely to recede.”
Smith says this should lead to a stabilisation in prices at this level.
Similarly, Nationwide chief economist Robert Gardner says: “UK house prices increased by 0.8% last month, with the annual pace of house price growth picking up to 4.5%from 3.7% in November.
“Overall, we expect UK house prices to rise by 3 to 6% over the next 12 months.”
http://www.express.co.uk/life-style/property/630617/New-Year-starts-on-a-high-for-property-prices
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Really?
A new thread for more meaningless tittle tattle.Left is never right but I always am.0
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