With the demand for rental property on the increase and the sales market experiencing a significant rise in mortgage applications lockdown hasn’t been a deterrent for buyers and renters determined to make a change.
The annual price growth is predicted to remain in 2020 with the average sale price up 2.7 per cent, according to Zoopla’s latest House Price Index. The demand for homes is currently outstripping the number of homes being listed for sale; and house market pricing currently reflects this imbalance between supply and demand. Zoopla expects this to continue through Q3 and Q4, as well as with the stamp duty boost to activity in London and the South East.
Predictions are that towards the end of the year, the wider economic landscape will likely start to weigh on price growth. However, the annual price growth will remain in positive territory in 2020 while the supply of new
Continue reading this article at https://www.arla.co.uk/news/august-2020/market-outlook-is-strong.aspx