Rightmove predict 6% rise in 2016
According to Rightmove House Price Index report, the strongest December since 2006 and a forecast of 6% rise in 2016.
In their latest report Rightmove urges first time sellers and financially-stretched landlords to sell by April, 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.
The seasonal 1.1% (-£3,120) dip in the price of property coming to market this month is the lowest December fall since 2006. It gives a final flourish to 2015’s strong property market, pushing the annual increase up to almost £20,000 (7.4%), and is a strong indicator that upwards price pressure will continue in 2016.
Miles Shipside, Rightmove director and housing market analyst comments: “Whilst a fall is the norm at this time of year, this is December’s best post-financial-crash performance, signalling another round of price rises in 2016. Despite the shortage of suitable stock in many parts of the market, demand for housing is on the up. Although the average price of property coming to market is already up by a hefty 7.4% compared to a year ago, Rightmove forecasts that prices will reach and breach new records next year.”
To see report in fell: Rightmove House Price Index report
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