Which way will property prices go in 2018?
By James Greenwood of Stacks Property Finders
Are you considering whether to step on to the property ladder in 2018, move up the ladder or invest in the market? Well, it seems that the year ahead will be just as challenging as 2017, whether it is post-Brexit uncertainty or political pressure to tax wealthy homeowners.
James Greenwood of property finders Stacks Property Search agrees: ‘Prices in London will stabilise – some [properties] having shown a drop of 20 per cent to 30 per cent. This will present London buyers with one of the best opportunities for a decade, but be forensic on price.
‘Normally a 20 per cent to 30 per cent drop would cause a crash, but the fact that prices are beginning to recover shows just how much fat there was in the market. 2018 won’t be the land of milk and honey, but the capital is definitely back on its feet.’