7 Feb

Deloitte predicts upbeat year for property

Deloitte predicts upbeat year for property

The global property market is set to enjoy a strong 2014, according to accountancy company Deloitte.

It is expected that the growth in the economy will translate to a rise in values for landlords and buy-to-let investors, as well as ensuring more custom for real estate agents over the next 12 months.

The accountancy firm predicts that the commercial market will see an increase in capital values, especially as investors from countries such as China and Brazil opt to buy centrally located properties.

Ian Stewart, Deloitte's chief economist, said: "The UK's recovery came earlier and faster than expected in 2013, with the UK going from being one of the rich world's growth laggards in January to one of its strongest performers by December."

Last month, Sequence highlighted the need to increase the UK's housing stock in order to meet demand and support the recovering property market. There is also expected to be increased business for estate agents as more homeowners take the step of selling their current homes so they can take advantage of equity increases.

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