This is Money, 10/06/17

What next for the property market? With house prices already slowing political instability could deliver a fall


By James Greenwood  of Stacks Property Finders 


The key question for those hoping to move home is will they be able to sell and find a home to buy. That requires a decent level of activity in the market, something which more subdued prices could actually help with.

James Greenwood, of Stacks Property Search, adds: ‘In London, prices are approximately 20 per cent lower year-on-year.

‘We expect buyers, especially overseas investors who will take advantage of a suffering pound, to take advantage of this window that will almost certainly remain open until we have some answers to the Brexit question.

‘In rural areas, prices have been steady for some time, offering sellers and buyers a stable market to operate in with no volatility to contend with. There has been plenty of opportunity for good negotiation.

‘There is a severe lack of stock in many parts of the country, so good property is selling well. But we don’t expect much price movement over the next year. The politicians have given vendors no reason to start raising prices.’


 

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