Blog Post

House price and transaction forecasts

Rebecca Galgut Jul 28, 2020, 10:45 AM
166_Dataloft_inform_Insight

The June Housing Market Survey by the Royal Institute of Chartered Surveyors showed a marked improvement in enquiries, agreed sales and instructions even before the stamp duty holiday announcement.

Meanwhile, the Office for Budget Responsibility has published revised forecasts. Their central scenario estimates 750,000 homes will sell this year. Given that over 330,000 sold in the five months to May, and the current momentum and stamp duty holiday, this could prove to be an underestimate.


166_Dataloft_inform_Insight4

Longer term, this central scenario expects transactions to almost double in 2021 to almost 1.5 million. The upside scenario suggests over 1.6 million sales in 2021.


In the upside scenario, house prices will be stable in 2020 and rise by 4% in 2021. Both scenarios anticipate strong price growth in 2022. Source: Dataloft and Office for Budget Responsibility

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Amazing service"

- Anna Proudlock

"Friendly as he always is, he serves with enthusiasm and always keeps me updated on the status of the sale process"

- Desmond

"Yaseen was exceptional!"

- Mayne Oliviera

"Thank you very much Yaseen for all your help and time"

- Andreas Polyviou

"I'll particularly mention Yaseen (who arranged the viewing of the place, let me know about the availability of the place I was looking at, along with humouring many of my questions and doing a lot of the process paperwork for the tenancy)"

- William McKluskie

"Great advice and support, would 100% use in the future."

- Andrew

"Really lovely people, and they made finding a place to live a"

- nathalie Van Zijl

"We are very happy for the services we received from the company"

- Michael