Despite ongoing uncertainty around Brexit, the UK property market is expected to return to relative calm and renewed prosperity in 2017, according to a leading property expert.
Allison Thompson, managing director at property specialist Leaders, forecasts that 2017 will prove to be “extremely positive” for the UK property market, thanks to high demand from people seeking to move home.
“They will not put their plans on hold indefinitely, so we expect to see a high number of transactions in both the sales and lettings markets in 2017,” she said.
Leaders anticipate an influx of properties coming to the market throughout this month as people get on with their next move – and this, according to Thompson, will “give the sector a lift” that is likely to ensure a strong year in both sales and rentals.
Thomson has identified five key trends that she believes will define the property market throughout the coming year, and explains the thinking behind her prediction, here: https://www.propertyinvestortoday.co.uk/breaking-news/2017/1/here-are-some-key-uk-property-market-trends-to-look-out-for-in-2017.
One of which says, ‘Midlands and north-west set for greatest gains – While the market is set to remain stable, the largest rises in house prices are expected to be found in the Midlands and the north-west. These regions are packed with potential and present a golden opportunity for both first-time buyers and buy-to-let investors.