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rod Leeds

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Residential house prices will remain stable, but rents will be affected by 1.supply & demand caused by changes to EPC rules 2.Brexit(uncertainty)- will foreign money continue to come to UK 3.Tax changes- particularly affecting those on the threshold of higher rate tax bands & those with multiple/single mortgages with high loan to value/rentable prospects 4.Brexit(uncertainty)- will jobs migrate away from UK..particularly outside London. 5.Availability for first time buyers to get mortgages(bank lending strategy) & point 4 6.Future tax changes planned by the Chancellor of the Exchequer in 2017(based on the outcome of 2 &5) 7.Procrastination by all 8.Rents may rise - based on landlords needing to make a return. 9.The continued assault on Landlords by Government/Legal system & Media My summary...I too expect 2017 to be "nationwidedly" flat for house prices- but as landlords decide there is no return/effort/reward is too small- houses will appear on the market. They wont be sold for the gains people expect and rightly or wrongly, as tax returns are latterly due..prices will drop, but sales still wont be made until 5 is addressed.

From: rod Leeds 29 December 2016 11:28 AM

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