October 2020
Very tricky to forecast where the housing market will be in 2021. Lots of moving parts involved to say the least! Three main factors which will effect the start of next year are surely the end of the stamp duty holiday, a discovery of a Covid-19 Vaccine (yes please!) and the end of the income support schemes.
Anyway, these big players below have tried to have a crack at it. Most are within 2.5% of each others predictions. The Centre for Economics & Business Research (CEBR) have really thrown a cat amongst the pigeons with a very negative view of a next years UK housing market. They believe “transitory” policies such as stamp duty, mortgage deferrals and income support will create a perfect storm when they end, resulting in prices falling by 13.8 per cent in 2021.
