23 Dec Will house prices rise or fall next year?
The property market has experienced a mini-boom in 2020, and the big question many of you want to be answered is: will prices continue to rise in 2021?
Whilst we don’t have a crystal ball, we do have the biggest home-hunting audience in the UK, as well as unique insight into future demand for property.
So armed with all that data, we’ve produced a forecast of what we think will happen to property prices in 2021.
Our main prediction is that the recent surge in average asking prices will continue into next year, as the nation’s housing needs are likely to outweigh any economic uncertainty.
Specifically, we forecast a robust 4% national average house price growth in 2021. However, we think that the price rises will be at a slower pace than this year, which finished 6.6% up in 2019.