Many don’t expect house prices to increase in next three years

Ryan Bembridge

February 22, 2019

Two in five (41%) Brits don’t expect house prices to increase in the next three years, research by home moving company AnyVan.com has found.

One in five are hoping for property prices to increase over the next 12 months, with this growing to over a quarter (27%) next year and a third (32%) for 2020.

Angus Elphinstone, chief executive of AnyVan.com, said “Our latest property research gives a good indicator of the sentiment of British homeowners.

“While there have been recent statistics about the slowdown of property transactions and areas experiencing falling values, it seems the country is still split on their view on property price growth in the years to come.

“Things will become a lot clearer once we leave Europe, but with 41% of the nation not expecting property price increases in the next three years, it’s clear to see Theresa May and her government have a lot of work to do. “

Over half (53%) of people in Wales do not expect to see values increase in the next three years, with over a quarter still expecting prices to fall in 2021. In Scotland, a third (32%) expect a decrease in values this year with 29% in 2020 and 22% in 2021.

Leeds (29%), Bristol (24%) and Newcastle (27%) have the biggest per cent of homeowners predicting rises next year, with 35% of people in Birmingham and 34% in Southampton forecasting prices to increase when we hit the year 2021.

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