Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Property agency says uncertainty will hinder growth next year, prior to recovery after 2022
The housing market will remain “subdued” next year, showing only a 1% growth in average house prices, according to the latest forecast from property agency JLL.
The firm’s five-year forecast said that the market would begin the year weakly, and that “coming to terms with Brexit and the further political and economic uncertainty” would likely see low growth “linger for the first few quarters of the year.
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