2020 Predictions From Estate Agents: House Prices To Rise By Just 1.5%
As the new year approaches, attention is turning to how business will be in 2020. Last week, we had predictions from Savills and this week, national agency, Jackson Stops has weighed in.
They’ve predicted relative stability with marginal price increases of 1.5%. They expect continued demand for properties priced between £500k-£1m, particularly 3-4 bedroom properties.
Like many others, Jackson Stops forecast the market will get busier come the new year saying:
”Some homeowners will be waiting for the outcome of the general election before they put their home on the market, and so we therefore expect to see a greater increase in activity than the usual in January next year”