Rightmove predicts buoyant market for 2014
Property portal Rightmove is forecasting both a continued increase in property prices and in the number of property transactions in 2014. It predicts that asking prices are likely to increase by 6% to 8% unless there is a sudden influx of new properties coming on to the market. However, the highest price increases will be seen in the major cities with the recovery still likely to be patchy in the suburbs.
Rightmove director Miles Shipside said, “After six years afflicted by the credit crunch, there’s a definite window to move up or move on in 2014 before the market’s usual pre-election pause in early 2015.”