10 Nov

UK regions set to see 2017 property price increases

UK regions set to see 2017 property price increases

The largest property price growth in 2017 is expected to be seen across Greater London, the South East and the East of England.

Forecasts from Strutt & Parker believe London could see prices increase by 16.5 per cent, 16 per cent in the South East and 14.2 per cent of East of England.

However, there are concerns that various political events could have an unforeseen impact on the stability of the property prices, including Brexit and the recent US election results.

“Article 50 may or may not be triggered by the end of March 2017 - we just don’t know at the moment and so the potential impact is difficult to call. It is crucial that we view the UK through the prism of global investment stability,” said Stephanie McMahon, Strutt & Parker’s head of research

She added: “With so many unknowns, we need to go back to looking at the fundamentals of the UK’s property market. When compared to the rest the world, we have benign corporation tax, mid-level residential property tax, a favourable GMT time zone, we speak in the international business language and have huge depth of markets and skills.

“As a result, our economy is currently holding up better than perhaps many expected following the European Union referendum.”ADNFCR-1222-ID-801828163-ADNFCR

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