24 Apr Housing Market in Neutral…
Last week’s media reported that the UK housing Market was in neutral.
By this, I think they were referring to house prices
Apparently, a rise of just 2.5% is anticipated but nobody would be surprised if, in fact, 2017 saw a zero rise in property values.
It’s notoriously difficult to predict the future as demand exceeds supply, which points to prices rising… but can prices just carry on rising indefinitely? I think not.
I feel that the most likely outcome is that prices will flat line. That’s my best guess… based on thirty years experience.