Happy New Year!
While the start of a new decade may bring uncertainty, Zoopla has predicted that the housing market will remain stable in 2020.
Zoopla’s UK Cities House Price Index predicts that UK city house price growth will hold at +3% over 2020. Additionally, the House Price Index states that while a new Government, and the prospect of a Brexit withdrawal deal becoming law in early 2020 will reduce uncertainty, neither of these will change market fundamentals. Furthermore, the development of housing affordability across cities has remained broadly stable. Finally, although housing sales have drifted lower over the last 3 years, at a national level Zoopla expect housing sales to remain at one million over 2020.
If you would like to see Zoopla’s UK Cities House Price Index, please click here.