Rightmove forecasts 6% rise for 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.
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