Expats with UK property holdings will be encouraged by the recent predictions various experts have expressed on the UK housing market. This is the predicted general outlook for 2018 and beyond but who knows how accurate this will be with the Brexit situation. It would seem a deal is close, and this could have a very positive slant on the predictions.
2017 saw annual house price inflation slow down considerably from the previous 5 years but increases were good and stable.
House prices could rise by 2-5% this year as the number of transactions stabilise – that is the prediction from various prominent Chartered Surveyors.
Property values will rise in each region of the UK this year, with East Anglia, the North West and West Midlands recording higher gains than the national average. Central London is likely to stabilise after recent declines, with support provided by the much weaker exchange rate encouraging foreign buyers.
Although recent announcements by the Government on housing are very welcome, the ongoing shortfall of stock across much of the sales and lettings markets is set to continue to underpin prices and rents.
Meanwhile the lack of existing inventory in the market is impacting the ability of households to move home and will contribute toward transaction activity over the whole of 2018.
Summing up the findings, generally the outlook for expat UK property owner seems bright and will still represents a sound long-term investment.
Can we help?
If you are looking for a new or re-mortgage please do make contact and one of our fully qualified advisers we will be happy to assist.