Rightmove report 2020 forecast of 2% price rise as election gives window of certainty

2020 forecast of 2% price rise as election gives window of certainty

  • Rightmove predicts 2% rise in price of property coming to market in 2020 as majority government gives home-movers a window of certainty for an active spring moving season
  • Fantastic time to sell as demand for property remains resilient as we move into 2020, though lack of supply is a concern:
  • The monthly decrease (-0.9%) is the smallest at this time of year since December 2006, showing that sellers and their agents think that demand is strong
  • Demand outstripping supply: number of sales agreed so far in 2019 down by just 3% on 2018, while number of properties coming to market down by 8%
  • Fundamentals remain sound with low interest rates, lenders competing to lend, high employment, and wage growth helping buyer affordability