2015: What’s your prediction?

In the past couple of months, several articles have been published, predicting how the housing market will change when we reach 2015. Keeping account of all these predictions can be quite difficult and confusing for many property professionals. Therefore, we’ve summarised all of these predictions.

Daily Mail  

Recently, the Daily Mail predicted a fall in house prices when we reach 2015. They go on to explain how a turning point is likely to occur, as prices will slip by 0.8% during 2015 as well as highlighting how these figures are national averages and do not represent the whole of the UK. Back in August 2011, the Daily Mail predicted house prices to rise to an all-time high by 2015 with an average price climbing 14%. Both of these predictions clearly establish how the market is continually changing and becoming even harder to predict.

The Guardian

Similarly, the Guardian predict UK house prices to fall as we enter 2015. They go on to state how house prices will start to fall by 0.8% in 2015 just as the Daily Mail predicted. It is quite clear how the Daily Mail and the Guardian are both predicting a turning point in the housing market.

Reuters

Back in January, Reuters predicted house prices to rise until mid-2015. This rise will be the start of a broader upturn in housing market activity. They go on to explain how during 2014 the housing market had been hit with a financial crises and so would start to catch up with rising house prices by 2015. In total contrast to the Daily Mail’s and Guardian’s predictions, Reuters go on to explain how house prices will continue to rise and start to strengthen the economy.

International Business Times

The International Business Times reported some interesting statistics about the 2015 housing market. The statistics reported by the International Business Times and Knight Frank reveal UK house prices to slow down and only rise by 3.5%, compared to double digit growth the industry has recently been experiencing. They go on to report, by 2019 a surge in house prices by another 18.2% throughout 2015 to 2019.

Property Industry Eye

Lastly, the Property Industry Eye report similar findings to the Daily Mail and the Guardian, as they predict house prices to fall by 0.8% throughout the 2015 period. Whatever change we see in the housing market, we hope the current industry remains stable and continues to aid property professionals to grow in the current industry.

What’s your prediction, how will the housing market change during 2015? Tweet us @VTUK or like us on Facebook and share your opinion with us at VTUK.

VTUK MASTER LOGO AWK3_no bg.

Founded in 1989, VTUK is the UK’s leading independent property software company. Our award-winning software, widely acknowledged as setting the industry standard, is used by agents nationwide. Our products are bespoke, with specific software solutions for each distinct group of property professionals, including lettings and management agents, estate agents, councils, housing associations and many more.

Give us a call FREEPHONE 0800 3280460 or visit www.VTUK.com to find out how we can assist your business.

You May Also Enjoy

Breaking News

Breaking Property News – 29/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Geovation Spring showcase – why it is important that you come and support the founders The event takes place on the evening of Wednesday the 17th of April, at Sutton Yard, London EC1V 7EN, please get it booked into your diary today. As ever the…
Read More
Breaking News

Breaking Property News – 28/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   tlyfe the tenant App gets huge marketing boost from national team tour from the Openbrix team As many will know tlyfe, powered by OpenBrix, is the UK’s most innovative tenant lifecycle app, taking the stress out of the move in process and helping to…
Read More
Breaking News

Over Four Out Of Five Tenants Unaware Of The Renters Reform Bill

OVER four out of five tenants remain unaware of the Renters (Reform) Bill and its contents, according to new research. The data comes from a representative survey of over 2,000 private renters conducted by the TDS Charitable Foundation, which works to advance education about housing rights and obligations in the private rented sector. The Bill…
Read More
Estate Agent Talk

What is Property Damage in a Personal Injury Case?

Property damage refers to any damage that affects things instead of a person. This might include damage to your car, house, etc. As such, it is not regarded as a personal injury case. However, when an individual is injured when the accident occurs, the affected person can file a personal injury claim. A typical example…
Read More
Love or Hate Rightmove
Breaking News

Rightmove comment on new 99% first-time buyer mortgage product

Matt Smith, Rightmove’s mortgage expert said: “It’s encouraging to see lenders continuing to try to innovate in the mortgage market, even after the government abandoned its own plans to encourage lower deposit mortgages in the Spring Budget. This new product has the potential to help some first-time buyers who fit the affordability criteria, but are struggling…
Read More
Breaking News

Breaking Property News – 27/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Coadjute ahead of the game as they are already licensed to provide digital TA6 Forms to property stakeholders This week, the Law Society announced its TA6 Form will now include Material Information as per the the National Trading Standards Estate and Letting Agency Team…
Read More