A survey of PropertyMark members has revealed a general sense of optimism for the property sector in 2020.
32% of agents expect sales demand to increase and 61% think the same for lettings. Many agents also think there will be an increase in demand from first time buyers.
Speaking on the 2020 outlook, Mark Hayward, NAEA Propertymark Chief Executive, considers stamp duty and digital property logbooks are among the things needed to bring confidence and stability back to the market. He said:
“A clear strategy is needed to tackle key issues such as Stamp Duty costs.
“Additionally, we’d like to see the Government commit to bringing regulation into the sector as soon as they can in the New Year and to consider the introduction of digital logbooks to allow for a more interactive, streamlined and transparent process for home buyers and sellers…”
