Tim Rickitt, Managing Director of Rickitt Partnership estate agent in Cheshire, examines some of this year’s property market predictions for you.
Constrained Buoyancy in the Housing Market:
Examining the data and research that is available it does seem that property prices are continuing to rise in the UK in the second half of 2017 but at a relatively modest pace. Despite the economic uncertainty caused by the election, there is still constrained buoyancy in the housing market. Property prices in April, May and June were 0.2% lower than in the first quarter of the year, however, they were still 2.1% higher than in the same three months of 2016. Tim explains that there is a context to this year on year growth
An apartment in a period property
Property Sales in The North of England tell a Positive Tale:
Industry figures show that property prices in the North of the UK have risen by 11% compared to 3% in the South. It is also interesting to note that the new homes market is still growing – housebuilders Berkeley saw profits jump 53% in the year to April 30 with their profits reaching £812.4 million.
About the author
Tim has nearly 30 years experience in the residential property market. In that time, he has worked in the areas of Cheshire, South Manchester, Shropshire, Wirral, North Wales and London. Over the years, Tim has spent the bulk of his career based in C…
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