Predictions are varied, but all seem to be hinting that property prices are still on the rise. Property prices have been a hot topic in the press over the last few weeks following a very lively 2014. During last year we saw double digit growth in the summer, somewhat unexpectedly, and a very healthy rate of growth overall.
But what can we expect to see over the coming few years? Many experts are suggesting exponential growth, other’s aren’t so sure.
Some commentators are now predicting that property prices are going to carry on rising at pretty substantial levels.In fact, the Treasury forecaster has revised the original predictions up to suggest a:
phenomenal 31.4% rise in property prices by Q1 2020.
That’s quite a hefty rise over just the next 5 years.
There’s speculation from some experts who think that this years election may affect property prices, and others believe that London prices just can’t rise any further, but the overall message is that the only way is up.
So you have to think – is now a good time to invest in property?
So you have to think – is now a good time to invest in property?
Should people who aren’t on the property ladder be looking to get on ASAP?
Only time will tell…………
If you’re thinking of getting on the property ladder for the first time. Contact us on 01273 736536 to discuss your mortgage options.