Key UK property market trends in 2020
What can we expect from the property sector in 2020? Will house prices increase? Will demand for bridging loans continue to grow? How will Brexit affect the market?
These are the big questions on many investors’ minds. And fear not, MFS is here to provide the answers.
We have released a new report, which you can download today. It looks at the key UK property market trends in 2020 that will define the market this year. Here are a few teasers for you…
Brexit has been a source of uncertainty over recent years. It has made buyers and sellers think twice before acting.
But once the Brexit deadline passes on 31st January there could be a rise in activity. As confidence returns to the market, more people could list their properties for sale, and more people will be on the hunt for a purchase.
This could have a major impact on the real estate market in 2020. Luckily, MFS is prepared for this trend; we have new bridging loan rates for those seeking their next property.
Prices to rise
The average UK house price has risen by £67,000 since 2010. This comes despite there being four general elections, three new Prime Ministers and Brexit uncertainty in the last decade.
In 2020, experts say prices could rise by around 2%. Growth in 2021 is expected to be even faster.
However, price growth will not be even across the UK. Download the new report to find out where prices will increase at the fastest rate.
Access to loans
As prices and demand both rise, access to fast loans will be vital. Buyers who do not have it are at risk of losing out to a rival.
For example, data from 2019 shows that mortgage delays were a key factor in house deals falling through. This could result in more investors turning to bridging loans this year.
We explore these UK property market trends in 2020 in much more detail in the new report.
Rest assured, we are committed to delivering fast bridging finance to brokers and their clients in 2020. To find out more, get in touch by emailing email@example.com.