Value growth to slow in 2018

25th December 2017

The Royal Institute of Chartered Surveyors has warned that house prices will see a slowdown in 2018, with growth to be hit by the gap between incomes and property prices, tax changes and interest rate rises. The report said that transactions next year are unlikely to breach the 1.2m sales seen in both 2017 and 2016, "with political and economic uncertainty proving a hindrance as well as the lack of stock, stretched affordability, tax changes and interest rate rises". In London, a net balance of 49% of surveyors expect prices to fall over the coming year.

The Times (19/12/2017)