41% of Brits do not expect property prices to increase in the next 3 years

The latest research by home moving company AnyVan has shown nearly half of Brits (41%) do not expect property prices to increase in the next 3 years. With Brexit now firmly on the horizon, uncertainty over our imminent departure from the EU weighs on property buyer and seller confidence.

Many are waiting for the dust to settle but there are many still expecting home values to increase this year. 1 out of 5 homeowners are hoping for property prices to increase over the next 12 months with this growing to over a quarter (27%) next year and a third (32%) for 2020.

In the capital, the weak pound might have pushed international buyers in prime central London to its highest level for six years but for the majority of Londoners, they’re predicting very uncertain times ahead for the value of their home. 40% of homeowners in the capital do not expect to see any property price increases in the next three years. However, many are more positive on the bouncebackability of the London property market with a third (31%) predicting values to rise in 2020 and 2021.

Elsewhere in the UK, Scottish and Welsh residents predict tough times ahead for property values. Over half (53%) of people in Wales do not expect to see values increase in the next 3 years with over a quarter still expecting prices to fall in 2021. In Scotland, 32% of people expect a decrease in values this year with 29% in 2020 and 22% in 2021. Leeds (29%), Bristol (24%) and Newcastle (27%) have the biggest per cent of homeowners predicting rises next year with 35% of people in Birmingham and 34% in Southampton forecasting prices to increase when we hit the year 2021.

Moving expert Angus Elphinstone, commented “Our latest property research gives a good indicator of the sentiment of British homeowners. While there have been recent statistics about the slow down of property transactions and areas experiencing falling values, it seems the country is still split on their view on property price growth in the years to come. Things will become a lot clearer once we leave Europe, but with 41% of the nation not expecting property price increases in the next 3 years, it’s clear to see Theresa May and her government have a lot of work to do.”

Shared by: Stephen Jury – stephen@jukeboxmedia.co.uk

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Damaged timber from Dry Rot
Estate Agent Talk

Mould and damp – what you need to know ahead of winter

With the winter months just round the corner, problems with damp and mould can become far more prominent. Autumntime is when many people turn on central heating systems and choose to close windows, preventing fresh air ventilation needed to allow damp air to leave a property. Unfortunately, the combination of warm and damp air can…
Read More
Breaking News

Rental price and average salary tracker – September 2025

London and South East see biggest dips in required rental salary year-on-year London and the South East saw the sharpest dips year-on-year in the average salary needed in order to rent the average home in that area. London saw a 4.2% drop, whilst the South East saw a decline of 2.9%. Yorkshire and Humberside saw…
Read More
buying at auction uk
Breaking News

The cities where buying beats renting – with just a 5% deposit

British first-time buyer mortgage payments are typically 17% cheaper than renting, even with a low 5% deposit The average 5% deposit is £11,412 based on a typical first-time buyer property price of £228,233 Among major cities outside London, the biggest gap between owning and renting is in Glasgow, where buyers could save more than £4,750…
Read More
Rightmove logo
Breaking News

Rightmove’s Weekly Mortgage Rates Tracker

Average rates for 2-year and 5-year fixed-rate mortgages   Term Average rate Weekly change Yearly change 2-year fixed 4.51% +0.00% -0.37% 5-year fixed 4.55% +0.01% +0.01%   Lowest rates for 2-year and 5-year fixed-rate mortgages   Term Lowest rate Weekly change Yearly change 2-year fixed 3.77% +0.05% -0.07% 5-year fixed 3.97% +0.10% +0.29%   Average…
Read More
Rightmove logo
Breaking News

Data and commentary from Rightmove on stamp duty reforms

Colleen Babcock, Rightmove’s property expert said: “We’ve been calling for stamp duty reform for some time now, as it’s a significant barrier for many people moving home. Abolishing it completely would remove one of the biggest barriers to moving, unlocking more moves at all stages of the property ladder. “Our data shows that only 5%…
Read More
Breaking News

Second-time buyers dominate demand for longer term fixed mortgage deals

Second-time buyers are dominating demand for longer term fixed mortgage deals, fresh data from Moneyfacts Analyser can reveal. Of those looking for fixed term deals on moneyfactscompare.co.uk: Almost two-thirds (58%) of second-time buyers who compared mortgage deals using the moneyfactscompare.co.uk website were considering terms of three years or longer in the 30 days to 1…
Read More