Connells predicts 3% house price growth in 2018

Ryan Bembridge

January 24, 2018

Connells expects house prices to rise by 3% in 2018 despite negativity surrounding the state of the market.

Last year the estate agency group predicted a 3.5% increase, which was exceeded according to its own data, with a 4% rise in house prices at completion by the end of 2017.

David Livesey, Connells Group chief executive, said: “There is still a shortage of property for sale, low interest rates, lenders with appetite to lend, stamp duty that supports first-time buyers and a continued demand for homes.

“We therefore see a similar outlook for the market in 2018 and, with positive signs in the first three weeks of business, we predict that house price inflation will continue to increase and potentially up to 3%.”

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