With the tumultuous rhetoric of Brexit out of the way, the formation of a new parliament and what feels like a weight of uncertainty removed from the publics shoulders, 2020 looks set to be a year of positivity for the property market and all indications are that prices will rise alongside a continuation of strong and enticing financial products for potential buyers.
Industry experts gave their opinions on how house prices will move to the BBC and here’s what they said:
Experts’ 2020 UK house price predictions
- Richard Donnell, property portal Zoopla: 2% rise in prices
- Andrew Montlake, mortgage broker Coreco: 2% to 3% rise
- Henry Pryor, housing market commentator: 2% fall
- Miles Shipside, property portal Rightmove: 2% rise
- Andrew Burrell, Capital Economics: 1.5% rise
- Simon Rubinsohn, Royal Institution of Chartered Surveyors: 2% rise
- Russell Galley, mortgage lender the Halifax: 1% to 3% rise
The predictions are for the UK as a whole, however cities which are seen as being more cost effective for buying, which includes our own stomping ground of Glasgow, should be optimistic about seeing the most significant price rises. Zoopla’s Richard Donnell goes as far suggesting Glasgow may see prices rise by as much as 4% across the board.