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It’s a bit scary waking up each morning at the moment, finding out what politicians – whether in power or not – are planning to do to ‘fix’ the housing market! To date, some policies appear to be doing the job they were intended for. Read on to find out why I'm concerned.
In my latest price report, a recent survey by Zoopla says that “Confident homeowners predict 4.8% house price growth”. Fortunately, not everyone thinks this will happen or the market could grind to a halt even more than it already has in some areas! Find out which areas people think prices will rise by 5% or fall by nearly 7% - what do you think will happen?
It's a little tricky just now to know exactly where the property market is heading. We know from past evidence that typically the level of uncertainty we currently have with a new PM pending, Brexit in 'no mans land' and a parliament and politicians seemingly at a 'loss' to know how to get us out of the mess Mr Cameron kindly got us into in the first place, that this would slow the property market. Buyers and sellers don't like uncertainty.
Normally around this time of year the market is buoyant, in fact looking back over past reports, I was often saying post the credit crunch the market was a ‘game of two halves’ with the first half of the year rising, and the second half of the year falling back. So far this year, prices have pretty much ‘limped along’ from one month to the next showing little growth.