This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

UK Property Market Not Set for Spring Boost, Analyst Claims

First name: 


Last name: 


Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category


United Kingdom  GBP  Million Pound Homes  Knight Frank  Liam Bailey  Lloyds TSB  Demand for Property 

UK Property Market Not Set for Spring Boost, Analyst Claims

By - Friday 06 May 2011

Current global economic conditions mean that it is highly unlikely that there will be any significant improvements in the property market in the near future. This is the opinion of Liam Bailey, head of residential research at Knight Frank.

The market analyst said that although spring normally brings with it a rise in demand for property, it is not expected to lead to a housing market "surge" in the coming year.

"It should be fairly healthy for the next couple of months, but I don't think it is the beginning of any surge in demand particularly. I don't think the economic conditions are right at the moment for a big up-tick in sales volume," Mr Bailey added.

The comments follow the latest report from Rightmove, which revealed that the proportion of people expecting prices to fall over the next year has dropped from 32.3 per cent in the first quarter of the year to 24.9 per cent in the second quarter.

Indeed, this more positive outlook was reaffirmed by research from Lloyds TSB which found that the number of million pound home sales in the UK has risen at its fastest rate since 2006.

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here



*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.

«« Back to IPIN Live

Follow IPIN Global

Latest Content

Recent Comments

Powered by Disqus