Rightmove forecasts 6% rise for 2016

January 18, 2016

The Rightmove House price Index showed the lowest December dip (-1.1%) since 2006 in price of property coming to market,  the  2015 annual rate up from 6.2% to 7.4%

Rightmove 2016 forecast is that  new seller asking prices to rise by 6%.

Increasingly stretched affordability and extra stamp duty on buy-to-let sector will be outweighed by stark imbalance between supply and demand.

Buyer enquiries to agents since beginning of October this year up 37% and number of properties coming to market down 5% compared to the same period in 2014

They advise to sell by April  for first-time sellers and financially-stretched landlords, while first-time buyers may want to wait for a better deal until additional stamp duty on buy-to-let properties gives them an extra edge.

Full report click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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