Property market predictions for 2017 and beyond
It’s crystal ball gazing time as property firms and economists predict what might happen to the housing market in 2017.
According to Rightmove, UK house prices will rise by an average of two per cent next year. “Although the market has built up some momentum, which we expect to continue into next year, the uncertainty plus increasingly stretched affordability will continue to weigh on house prices, so our forecast for 2017 is for modest price growth. We forecast Inner London to remain weak and prices to fall by a further five per cent in 2017, as its price bubble continues to deflate,” says Rightmove’s Miles Shipside.
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