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Savills have recently released their latest housing market forecasts on 6th November 2024.
so we are pleased to see that they are expecting an even higher than previously predicted increase in the property prices in the North East for the period 2025 to 2029.
The Research Team at Savills' knowledge of the fundamental aspects of the housing market is unrivalled and they state that the key theme underpinning this year’s forecast is stability, the UK now having a government with a strong majority. They note that inflation has returned to the 2% target, so the predicted price growth will be supported by the prospect of steady cuts to the base rate over the next two years, which will improve affordability.
They expect affordability to be the key influence in every region, and expect the more affordable markets in the North, to see the strongest acceleration in growth so this particularly applies to the cheaper high yield properties we sell in the North East where the are forecasting 5 year growth of 28%. London continues to be the weakest growing region, as it is most constrained by affordability, increasing only slightly to 17%.
Please call us now on 01483 663001 to reserve one of our Readylet properties now to make the most of the high rental yields available as well as the forecasted property price growth.
source - https://www.savills.co.uk/insight-and-opinion/research-consultancy/residential-market-forecasts.aspx