While house price growth stayed positive last year (despite the negative mood music) the harbingers of doom (experts) believe that won’t be repeated in 2018, as the twin spectres of Brexit and rising interest rates put the brakes on the property market.
Most are warning homeowners to prepare for an underwhelming and subdued 2018, with a number of leading commentators predicting UK house prices will either stay flat or perhaps rise by 1% or so. The FT points out that if growth stays below inflation for the next three years house prices will, though, will revert to their historical averages… which might not be a terrible thing.
For more information, please contact us today.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is, therefore, recommended that you seek full, personal advice in respect of your needs where all appropriate risks will be explained.