The UK housing market has been subject to conflicting predictions and uncertainties regarding its future trajectory. While some experts anticipated a significant price correction, recent trends have shown resilience and even signs of recovery with the UK economy outperforming expectations. This article explores the factors contributing to the unpredictability of UK house prices and sheds light on the potential outcomes.
Predicting future house prices in the UK is a complex task due to the interplay of numerous factors. Homeowners hope for price increases, while prospective first-time buyers may wish for more affordable options. As the market continues to evolve, monitoring these factors will be crucial in understanding the direction of UK house prices.
Manchester has emerged as the top-performing cities in the UK in terms of rental growth according to industry experts JLL. Manchester's apartment rental prices have seen the strongest growth among the Big 6 cities in the UK including Birmingham, Bristol, Edinburgh, Glasgow, and London.
JLL predicts sale prices of Manchester city centre properties will increase by 19.3% over the next 5-years, while rents will rise by 21.6%, which are the highest predicted across the six markets analysed. Click here to read more.
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