Property price predictions for 2015
Posted on Monday, 5 January, 2015
Property analysts are suggesting slower growth in 2015 than 2014, with a near consensus among them on what that growth in property prices will be – predicted at about 4%.
However, not all analysts were accurate with last years predictions admitting that they had underestimated the effect of government stimulus measures on the housing market.
The Royal Institute of Chartered Surveyors (RICS) and its global residential director Peter Bolton King, say that house prices in London will be unchanged in 2015 compared with 2014. This will restrict UK house price growth to 3% in the year to come, they say.
Ed Stansfield, property economist at Capital Economics, says that his prediction of a slowdown in prices in London is partly the result of buyers simply saying “enough is enough” with homes in the capital either overpriced or unaffordable.