What will the New Year bring? Dataloft consensus house price forecast, based on the average from five leading commentators, expects 0.9% growth 2021.
Published forecasts for 2021 range from mildly negative to strongly positive. Rightmove forecast a 4% rise in 2021, Zoopla 1%, Knight Frank 1%, Savills 0% and JLL -1.5%.
2021 will be host to a lot of changes and deadlines which will no doubt impact transaction volumes and house prices. The stamp duty holiday deadline, changes to Help to Buy, potential changes to Capital Gains Tax, 2% surcharge for overseas purchasers and let’s not forget Covid-19 and Brexit.
Source: Dataloft, Knight Frank (September), JLL (November), Savills (September), Rightmove (December) and Zoopla (December).