Jan
13

Predictions for the property market in 2020

It was another challenging year in 2019 amidst uncertainty in the property market and we are all left wondering whether a definitive leaving date for leaving the EU will provide any level of clarity for the year ahead. Propertymark spoke to their estate agent members to get their thoughts on the housing market in 2020 and it appears they remain undecided on the matter. Whilst almost a third of agents thought house prices would drop,  just over half expect them to stay the same. When asked about expectations for housing demand, 32% believe it will decrease and 28% expect it to increase. So perhaps it is still a little too early to see where the market will go this year. Read more about this story and see what Mark Hayward, NAEA Propertymark Chief Executive has to say on the matter here.