Excluding the London market extremes there is a general school of thought from estate agents that there will be ongoing but muted house price increases in 2015.
Prices have already stabilised and our view is that price growth will continue in the long-term, but at more sustainable levels. We anticipate that transaction levels in the period before and after the general election in May will reduce, but we expect them to resume unless there are any seismic political shocks, albeit interest rates are looking increasingly likely to rise marginally later in 2015.
Help to Buy will continue to influence sales for the larger PLC style house builders.
The core area of continued growth of course is the buy to let market in the UK. The simple fact is that rental demand is set to continue to increase, the demand for higher quality, well finished homes is on the rise and the poor interest rates for savers keeps experienced and new landlords focused on the property market. The simple facts remain that where else can an investor secure such yield returns in a growth market with the addition of initial savings.
In summary the overall property market looks set to steady but stay stable with marginal increases whilst the tenant demand continues to grow strongly and even with a potential interest rate rise later in the year landlords new and old continue to take advantage of the growing market, demand, yields and discounts.