It’s very tricky to predict what happens to property prices, especially in the short term. This is because the market going up or down is heavily influenced by consumer confidence of what is going to happen, but this can be changed ‘overnight’. Read more to find out what Kate Faulkner thinks about price and rental forecasts.
Overall, the news for the property market is the best it’s been to date, and as a result, optimism is high, which is great news. However, I still think we need to be a little cautious. Read my full property price and market report here.
Properties in England and Wales are sold on either a leasehold or freehold basis. If you buy a leasehold property - you don't own the property outright, you only own it for a set period of time, after which ownership of the property reverts to the person that owns the land (i.e. the freeholder). Purchasing a leasehold interest is markedly different from freehold ownership and requires a number of careful considerations. Read ALEP's article to find out more.
