Price Forecast Rise Predicted for 2014 – Rightmove
‘Tis the season for end of year polls and speculation; looking back and looking forward; and Right Move are forecasting a happy new year for anyone looking to sell their home.
With property transaction prices already coming in at a 13% increase in 2013, Rightmove estimate continued upward momentum, with a forecast of 6-8% rise in new seller asking prices in 2014.
Their report points out that the lag between transaction growth and percentage of new listings coming on the market opens a window of opportunity for anyone looking to trade up in the New Year.
They also indicate that activity and price movement will be fragmented through regions rather than universal, with regional averages being driven by local hotspots as in 2013.
To see what these may be and read the report in depth, visit Rightmove here