Transaction boom forecast for 2014 –
Let Fossey Taylor Help You Get into Property This Year and Take advantage.
A boom in transactions is imminent, according to the first major property market forecast for the year 2014 and onwards. Hamptons International say that housing market activity will enjoy double digit growth in the next three years, with transactions back above 1m by 2016.
Prior to the financial recession transactions were running at 1.2m per year.
The forecast focuses on transaction data rather than house prices, as Fionnuala Early, research director at Hamptons, says these are a “far superior indicator” of housing market health.
“A liquid and active market is the key to avoiding volatility and to ensuring a stable and sustainable housing market in the UK,” she added.
Transactions will be 50 per cent higher than they are today in 2018 say Hamptons, assuming no other seismic economic events push the recovery off course.
House prices are forecast to rise by six per cent in 2014 and by almost a quarter over the next five years. Surprisingly though house prices in prime central London are anticipated to slow their growth, going up by just three per cent in 2014. However over the next five years they are still expected to go up by 20 per cent.
“In the prime central London market we expect demand to soften as investors search for better yielding assets elsewhere,” Earley continued.
“The East Midlands is still the #1 BTL Hotspot in the UK”
Fossey Taylor operate exclusively in the East Midlands, they offer a truly ‘Hands-Free’ or ‘Armchair’ service for BTL investors. We are the investors Estate Agent, we don’t sell you a house to live in. We help you buy a house to invest in. Happily for us, these predictions show that we are operating in the UK’s #1 BTL Hotspot, the East Midlands. We are regularly buying with a 20%+ discount to market value, in an area where you can still buy a house for £50-60,000 that rents for £500pcm [that is a natural 10% yield in an area that is set to EXPLODE in terms of values].
Fossey Taylor are a 1 stop shop for you as an investor, we find the property for you, help you buy it, renovate it if necessary and we then let and manage the property for you long term.
Check out what we do here. Or book on to one of our discovery days to see how we can make the most out of your property investment.
The forecast from Hamptons is the first of many from across the industry, which will appear between now and January.