The high-end agencies and property analysts’ have announced to EAT their predictions for the UK’s mainstream housing market 2016.
These are predictions and may not prove correct, but their predictions for 2015 have also been looked at to see if they were right last year.
The general consensus predicts modest rises in the mainstream market and possibly strengthened by the prospect of interest rate increases.
Predicted average values up 4.0% for 2015, their most recent prediction was for values up 6.0% during 2015 and currently for 2016 they predict values up by 4.5%, but warn that when choosing to move or invest in property, calculate the figures and try to prevent risks including rate increases, taxes and lending restrictions.
Predicted an average values up 6.5% for 2015, their most recent prediction for 2015 is values up 6.0%. Their current prediction for 2016 is values up 5.0%, but warn Interest rate rises squeezes affordability and mortgage regulations constraining the numbers of people moving.
Their 2015 prediction was average values up by 4.0%, the most recent prediction for 2015 is values up by 6.0%. The current prediction for 2016 is values up 5.0%. They do warn that the government must stamp down on the housing industry to deliver more new homes.
Strutt & Parker
Had predicted average values up 5.0% for 2015, the most recent prediction for 2015 is values up by 5.0%. The current prediction for 2016 is values up 5.0%, they warn Interest rate changes will slow the wider market, but additional homes stamp duty may have greater effect on the few who encounter them.
Predicted average values up 3.5% in 2015, their recent prediction for 2015 was that average values are up by 4.2% and they currently predict values up 4.1%, but warn more buyers and higher prices in regional city centre, plus more volatility in buy-to-let activity as stamp duty rules kick in.
Predicted average values up 3.0% to 5.0% for 2015, their most recent prediction for 2015 was that values will be up 9.7% and the current prediction for 2016 is that values will go up 4.0%. They warn to
look out for gradual interest rate rises, but they will put the brakes on price rises, despite a weak supply of new homes.