2014 has been an extraordinary year for the property market with prices jumping 10% for properties up to around the £700,000 mark and only slightly less for the higher end houses over £1million.
All the pundits have now made their predictions for 2015 and it seems that there are some consistent themes developing:
LONDON IS SLOWING
After a very strong 12 months where London prices are thought to have risen around 18% all the major estate agencies and mortgage companies see a slowing in demand and prices in 2015. The price increases predicted by most range from 1.5% to around 3% which is less than inflation. The reason is two fold. Less foreign buyers are expected to be buying next year due to global economic issues and the dreaded Mansion Tax which Labour say they will bring in if elected. Which brings me to the second reason: THE ELECTION. The housing market…
