Read

2020 Housing Sector Predictions: House Prices & Rent To Go UP

By Team Focal

With the election over and Brexit pending, the question of how the housing sector will perform in 2020 is on everyone’s mind. 

RICS has weighed in with their predictions:

  • They predict that transaction volumes will remain flat
  • House prices are predicted to increase by 2%
  • Rent rates are expected to increase by 2.5%

Commenting on the predictions, a RICS economist said:

“Momentum across the UK housing market has remained relatively subdued, with new buyer demand showing little impetus going into the New Year. That said, with the Conservative party winning a clear majority, the Withdrawal Agreement will very likely be ratified in the coming weeks. This could see some confidence returning, at least for a brief spell, meaning activity may see some uplift.”

 

You can read more of their report over on their website here.

 

Are you looking to win more instructions?
Good news! 
Position yourself to impress new vendors with a month of FREE photography when you subscribe with Focal this month. Click here to register your interest in this amazing offer.

Tags: Estate Agent News

Download FREE Ebook - Property Photography Mastery For Estate Agents.

Level up your property photography skills with clear step by step complete guide for Estate Agents.

Ebook Property Photography Mastery