As the year draws to an end, we are able to reflect on housing market over the past 12 months and look at what the market is likely to do in the next 12 months.
Despite some scepticism that the market may be flat or even go negative in 2017, we actually had a 1.2% increase. In a year where we had shock election results and the gravity of Brexit started to take hold, the housing market demonstrated its resilience to pressure.
Going into the New Year, we continue to see an influx of sold boards as such there is a shortage of suitable properties for sale in some sectors and locations this will result in upwards price pressure in new seller asking prices in those areas.
Most forecasts for 2018 see another year of similar growth, with the slowest region being London, negatively skewing wider national picture. In South Warwickshire, house prices are expected to be better than those in the capital.