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How will House Prices be Affected by Article 50?
March 17, 2017Article by Chelsea Battle
Online estate agent YOPA has launched a Brexit House Price Tracker, which collates industry predictions and compares them to the house price indices from Halifax, Nationwide, Rightmove and the Land Registry, ahead of Article 50 being triggered.
Forecasts have been taken from commentators in the industry, including buying agent Henry Pryor, who expects to see a 2% increase in house prices this year, as do experts from Rightmove and Nationwide.
The tracker, which will be regularly updated as we await Article 50, also includes predictions from Ray Boulger, of John Charcol mortgage brokers, who thinks there will be a 1% rise, while Halifax’s Martin Ellis has predicted growth of between 1-4%.
YOPA has taken an average of the predictions, to forecast 1.2% average growth in house prices as a result of Article 50.