Your Property Market Predictions for 2015

Your Property Market Predictions for 2015

10:22 AM, 19th December 2014, About 9 years ago 2

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What do you think will happen to property values? Your Property Market Predictions for 2015

Do you think interest rates will rise?

How do you think lending criteria will change?

What changes in legislation do you predict?

Do you think Rent Guarantee Insurance will become more popular?

Any other thoughts?

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Shakeel Ahmad

11:16 AM, 20th December 2014, About 9 years ago

There will be a slow growth in prices while the buyers take a breather. My comments are in relation to property prices in London.

Interest rates are not going anywhere. Due to EU economic issues, low inflation in UK, lack of upward pressure on wages/salaries, further job cuts planned for after the election, most sectors of the British economy not growing.

Lending criteria, Where do you want me to start. There is a better chance of winning the lottery than getting a mortgage. The Lenders expect that each & every box is ticked and even if the queen applies for a mortgage she will be turned down. BEO is pulling the strings in the background.

What aspects of the legislation's are we talking here ?. All I can say that where the Government can extort VAT out of the public, these legislation will come into force.

Like all insurances the premiums are high in relation to the risk and if one has to claim than the whole system kicks this is in order to not to pay/delay payment or pay less than should have been paid. The time taken for the paper chase leaves the claimant lose focus as why one had made the claim and finally the premium will increase in the following years.

Other thoughts: Merry Christmas and happy new year.

Sam Addison

18:42 PM, 20th December 2014, About 9 years ago

Low end property values in the NW will continue to rise probably by 5-7%.
Interest rates will go up by 0.25% in the Autumn
Little change in lending criteria
Legislation is difficult to predict with an election - depends on whether Conservatives get a majority or whether there is a coalition. Smaller government spending is still necessary (imho) but depend on who is in power.
RGI unlikely to become more popular unless legislation (perhaps changes to housing benefit) makes a difference.
Here's hoping for a trouble free, deposit protected year for all of us!

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