Mark Hayward Shares his Property predictions for 2017
After a year of political surprises and economic uncertainty, Mark Hayward rounds up 2016 by giving his property predictions for the next 12 months.
NAEA’s predictions and hopes for 2017, from Mark Hayward, Managing Director:
Mark Hayward, Managing Director, NAEA, said: “It would be an understatement to say this year has not gone as expected. However, the property market is mostly still feeling the effects of events which happened last year.
The high end London property market is suffering at the hands of increased stamp duty taxes, and while Brexit uncertainty definitely hasn’t helped repair this, it’s not the sole reason why London’s more expensive properties aren’t being snapped up at the same speed they were.
Next year, we expect it’ll be more of the same; there won’t be a ‘property Armageddon’, but things won’t get much better for first time buyers, and those looking to up or down-size.”
* NAEA asked members in November their views on the property market in 2017