This was the week when property market researchers dusted off their crystal balls and tried to predict what will happen to house prices over the next five years. Strutt & Parker’s research department published its thoughts on Monday, JLL on Tuesday and Savills yesterday.
Although the figures vary there is one consensus: UK house prices will surely rise.
As Adam Challis, the head of residential research at JLL, says: “There is real wage growth, cheap mortgage debt, good economic growth and unemployment at a seven-year low. That is a lot of big macro drivers [of house prices], plus there are also strong micro drivers around supply and demand. This is all very supportive for lots of house price growth.”
Elections and referendums are out of