Election To Push 2pc House Price Growth in 2020

Published / Last Updated on 16/12/2019

Rightmove has predicted that the average house price will rise by 2% pa in 2020.

Previously, Rightmove had predicted annual growth of 0% but so far in 2019 property price growth stands at 0.8% pa.

They suggest the election result will help the market recover, with estate agents stock being at its lowest for over 2 years.  The lack of choice for buyers will increase prices of properties coming to the market.

Comment

It is clear that confidence may return although we suggest that there is more to come on teh EU withdrawal agreement and then future negotiations during the transition period on any trade deal may 'rock the boat' from time to time.

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