The house prices in the market are expected to increase by approximately 13 percent, particularly, in the North where the economic outlook is on the increase. Firstly, interest rates and regulation are heavily impacting the mortgage market, but they will not be severe enough to put the household finance industry under pressure. In addition, location choices have been tremendously affected after the pandemic as people not only want indoor dedicated work spaces but also gardens are a priority. Lastly, this housing boom will result in a short term upwards pressure causing a more diverse building sector.
What are your predictions for the property market?