NEWS: ‘Stability’ the watchword as housing market enters autumn
A series of indicators released in recent days have confirmed that both the rental and sales housing markets are stable as we enter autumn.
The Royal Institution of Chartered Surveyors says the economy has settled down following the EU referendum and it predicts house prices will rise 3.3 per cent per year until 2020.
Meanwhile a series of financial reports from major house builders has shown the sales market remaining steady in recent months. The chief executive of Berkeley Homes told his shareholders that the EU vote result “has had no effect” on demand for new homes.
And HomeLet, an insurance firm that monitors the lettings market, reports that in the south west region average rents have risen 1.6 per cent in the past year.
In other words, it’s ‘steady as she goes’ as we enter autumn.